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MN HF619

MN HF619
Congressionally chartered veterans organizations provided an exemption for owned property.


summary

Introduced
02/13/2025
In Committee
02/13/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to taxation; property; providing an exemption for certain property owned or leased by congressionally chartered veterans organizations; amending Minnesota Statutes 2024, sections 272.02, by adding a subdivision; 273.13, subdivision 25.

AI Summary

This bill provides a property tax exemption for certain properties owned or leased by congressionally chartered veterans organizations. Specifically, the bill allows for tax exemption of up to three acres of real property owned or leased by a nonprofit, community service-oriented veterans organization, with some important conditions. To qualify, the property cannot be used for residential purposes and must either limit revenue-producing activities to six days or less per year, or make annual charitable contributions equal to two-thirds of the previous year's property taxes and allow free use of the facility for public and community meetings. The organization must maintain records of its charitable contributions and public events, and the Commissioner of Veterans Affairs must provide an annual list of congressionally chartered veterans organizations to the Commissioner of Revenue. The bill requires property owners seeking exemption for leased property to file an application with the assessor by May 1, and the tax exemption will become effective for property taxes payable in 2026. The legislation aims to support veterans organizations by reducing their property tax burden while ensuring the properties are used primarily for community service and nonprofit purposes.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduction and first reading, referred to Taxes (on 02/13/2025)

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