summary
Introduced
03/10/2022
03/10/2022
In Committee
03/10/2022
03/10/2022
Crossed Over
Passed
Dead
05/23/2022
05/23/2022
Introduced Session
92nd Legislature 2021-2022
Bill Summary
A bill for an act relating to taxation; property; increasing the market value exclusion for disabled veterans; amending Minnesota Statutes 2021 Supplement, section 273.13, subdivision 34.
AI Summary
This bill increases the market value exclusion for disabled veterans in Minnesota. Specifically, it increases the exclusion from $150,000 to $165,000 for veterans with a 70% or more service-connected disability, and from $300,000 to $330,000 for those with a total and permanent disability. The bill also allows the exclusion to carry over to the surviving spouse of a disabled veteran until the spouse remarries or sells the property. The bill is effective beginning with property taxes payable in 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduction and first reading, referred to Taxes (on 03/10/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF4153&ssn=0&y=2021 | 03/11/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF4153&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 03/11/2022 |
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