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MN HF1343

MN HF1343
Property tax provisions modified, and identification requirements for homestead determination modified.


summary

Introduced
02/06/2023
In Committee
02/06/2023
Crossed Over
Passed
Dead
05/20/2024

Introduced Session

93rd Legislature 2023-2024

Bill Summary

A bill for an act relating to taxation; property; modifying identification requirements for homestead determination; amending Minnesota Statutes 2022, sections 270B.12, subdivisions 8, 9; 273.124, subdivisions 13, 13c, 13d, 14; 273.1245, subdivision 1; 273.1315, subdivision 2; 290A.25.

AI Summary

This bill modifies property tax provisions, including the identification requirements for homestead determination. The key changes are: 1. Allowing the use of individual taxpayer identification numbers (ITINs) in addition to Social Security numbers for homestead applications, related county assessor data sharing, and property tax refund verification. 2. Updating the homestead application process to require ITIN or Social Security numbers for occupants, owners, and spouses, and specifying the consequences for failing to provide the required information. 3. Authorizing the Commissioner of Revenue to use ITIN or Social Security number data provided by counties for administering homestead and property tax refund programs, including detecting improper claims. 4. Making these changes effective for homestead applications filed in 2023 and forward, and for data provided to the Commissioner in 2024 and thereafter. The bill aims to modernize the identification requirements and data sharing processes to improve the administration and integrity of homestead classification and related property tax benefits.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Introduction and first reading, referred to Taxes (on 02/06/2023)

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