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Bill > HF3802
MN HF3802
MN HF3802Property tax provisions modified, and disabled veterans homestead market value exclusion amounts increased.
summary
Introduced
02/15/2024
02/15/2024
In Committee
02/15/2024
02/15/2024
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; increasing exclusion amounts for the disabled veterans homestead market value exclusion; amending Minnesota Statutes 2023 Supplement, section 273.13, subdivision 34.
AI Summary
This bill amends Minnesota Statutes to increase the exclusion amounts for the disabled veterans homestead market value exclusion. Specifically, it increases the exclusion from $150,000 to $250,000 for veterans with a 70% or more service-connected disability, and from $300,000 to $450,000 for veterans with a total (100%) and permanent disability. The bill also provides certain provisions for a veteran's spouse to continue receiving the exclusion after the veteran's death. The purpose of this provision is to help ease the burdens of war for veterans with disabilities, their caregivers, and surviving spouses. The changes in this bill are effective beginning with assessment year 2024.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduction and first reading, referred to Taxes (on 02/15/2024)
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=House&f=HF3802&ssn=0&y=2023 | 02/15/2024 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF3802&version=0&session=ls93&session_year=2024&session_number=0&format=pdf | 02/15/2024 |
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