Bill
Bill > SF944
summary
Introduced
01/30/2023
01/30/2023
In Committee
01/30/2023
01/30/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to taxation; property; modifying the market value exclusion for veterans with a disability; amending Minnesota Statutes 2022, section 273.13, subdivision 34.
AI Summary
This bill amends the existing law to modify the market value exclusion for veterans with a disability. Specifically, it changes the exclusion for veterans with a 100% and permanent disability from $300,000 to 100% of the market value. It also allows the exclusion to be carried over to the veteran's spouse until they remarry or sell the property, and it extends the eligibility to the primary family caregiver if the veteran does not own property classified as homestead in Minnesota. The bill is effective for assessment year 2023 and thereafter.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Taxes (on 01/30/2023)
Bill Topics
Defense
- ‐ Veterans Affairs
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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=Senate&f=SF0944&ssn=0&y=2023 | 01/28/2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF944&version=0&session=ls93&session_year=2023&session_number=0&format=pdf | 01/28/2023 |
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