Bill > SF4085

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 greater service-connected disability, and from $300,000 to $330,000 for veterans with a 100% and permanent disability. The bill also allows the exclusion to carry over to the surviving spouse of a disabled veteran, and extends the exclusion to the homestead of the primary family caregiver of a disabled veteran who does not own property in Minnesota. The effective date of these changes is for property taxes payable in 2023.