Bill > HF195

This bill modifies property tax regulations for certain veterans service organizations and property classifications in Minnesota. Specifically, the bill provides a property tax exemption for real estate owned and operated by congressionally chartered veterans service organizations, effective with the 2026 assessment year. The commissioner of veterans affairs is required to annually provide a list of such organizations to the commissioner of revenue by January 1. Additionally, the bill removes a previous provision that gave a specific 1 percent property tax classification rate for property owned by congressionally chartered veterans organizations. The changes aim to streamline property tax treatment for these veterans service organizations, potentially providing them with a full property tax exemption instead of a reduced tax rate. The bill is part of broader property tax classification efforts in Minnesota, which categorize different types of property (such as residential, commercial, and nonprofit) with varying tax rates based on their use and ownership.

Budget and Finance, Military Affairs and Security

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0195&ssn=0&y=2025