Bill > SF3742

This bill proposes to increase the property tax exclusion amount for homesteads of veterans with a disability in Minnesota. Specifically, it increases the exclusion from $150,000 to $200,000 for a disability rating of 70% or more, and from $300,000 to $400,000 for a total and permanent disability. The bill also allows for the exclusion to carry over to the veteran's spouse until they remarry or sell the property, and extends the exclusion to the primary family caregiver of a veteran who meets the disability criteria but does not own property classified as homestead in Minnesota. The bill is effective beginning with the 2024 assessment year.