Bill
Bill > SF4103
MN SF4103
MN SF4103Disabled veterans property tax market value exclusion modification by increasing exclusion amount for totally and permanently disabled veterans authorization
summary
Introduced
03/17/2022
03/17/2022
In Committee
04/04/2022
04/04/2022
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; modifying the disabled veterans market value exclusion by increasing exclusion amount for totally and permanently disabled veterans; amending Minnesota Statutes 2021 Supplement, section 273.13, subdivision 34.
AI Summary
This bill modifies the disabled veterans market value exclusion by increasing the exclusion amount for totally and permanently disabled veterans. Specifically, it increases the market value exclusion from $300,000 to $400,000 for veterans with a 100% and permanent disability, and from $150,000 to $200,000 for veterans with a 70% or more service-connected disability. The bill also allows the exclusion to carry over to the surviving spouse of a qualifying veteran. The changes are effective beginning with the 2023 assessment year.
Committee Categories
Budget and Finance, Military Affairs and Security
Sponsors (5)
Last Action
Comm report: To pass as amended and re-refer to Taxes (on 04/04/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF4103&ssn=0&y=2021 | 03/17/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF4103&version=1&session=ls92&session_year=2022&session_number=0&format=pdf | 04/05/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF4103&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 03/17/2022 |
Loading...