Bill > HF2474

This bill establishes a property tax credit for licensed in-home child care providers in Minnesota. The credit is equal to 50% of the net tax owed on the property used to operate the in-home child care program, after subtracting all other applicable credits. The bill requires the Commissioner of Human Services to provide a list of licensed providers to each county annually, and the county auditor must determine the tax reductions and certify the amounts to the Commissioner of Revenue, who will then reimburse the local taxing jurisdictions. The bill also adds the new credit to the list of property tax credits that are subtracted from the gross tax when calculating the net property taxes owed. The effective date for this new credit is taxes payable in 2022.