Bill > HF299

This bill modifies property tax classifications and exemptions for certain properties owned by congressionally chartered veterans service organizations. Specifically, the bill creates a new property tax exemption for real estate owned and operated by these organizations, effective for the 2025 assessment year. The bill requires the commissioner of veterans affairs to provide an annual list of congressionally chartered veterans service organizations to the commissioner of revenue. For the 2025 assessment year only, there are special provisions: the veterans affairs commissioner must provide the list by July 1, 2025, and the organizations must file an exemption application with the county assessor by August 1, 2025. The bill removes a previous provision that gave a specific property tax classification rate to properties owned by congressionally chartered veterans organizations. This change simplifies the tax treatment of these properties by providing a full exemption instead of a reduced tax rate, potentially providing greater financial benefits to veterans service organizations by completely removing their property from the tax rolls.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0299&ssn=0&y=2025