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Bill > HF4396
MN HF4396
MN HF4396Disabled veterans market value exclusion modified by increasing exclusion amount for totally and permanently disabled veterans.
summary
Introduced
03/17/2022
03/17/2022
In Committee
03/17/2022
03/17/2022
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 from $300,000 to $400,000. It also includes provisions related to the eligibility of a veteran's spouse and primary family caregiver for the exclusion, and the continuation of the exclusion for a spouse who no longer holds the legal or beneficial title to the property. The changes are effective starting with the 2023 assessment year.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Author added Freiberg (on 03/21/2022)
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=HF4396&ssn=0&y=2021 | 03/18/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF4396&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 03/18/2022 |
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