Bill > HF3959

This bill modifies the disabled veteran tax exclusion amounts in Minnesota. Specifically, it increases the market value exclusion from $150,000 to $200,000 for veterans with a service-connected disability of 70% or more, and from $300,000 to $400,000 for veterans with a total (100%) and permanent disability. The bill also extends the exclusion benefit to the primary family caregiver of a veteran who meets the disability criteria but does not own a homestead property in Minnesota. Additionally, the bill allows a surviving spouse of a veteran who was eligible for the 100% exclusion but did not apply before their death to still receive the benefit. These changes are effective beginning with the 2023 assessment year.