Bill > SF1656

This bill establishes a property tax exemption for properties owned and operated by congressionally chartered veterans service organizations. Specifically, the bill removes the previous classification rate for such properties and creates a complete property tax exemption starting with the assessment year 2025. To implement this exemption, the commissioner of veterans affairs is required to provide an annual list of congressionally chartered veterans service organizations to the commissioner of revenue. For the initial assessment year of 2025, there are special provisions: the veterans affairs commissioner must provide the list by July 1, 2025, and the veterans service organizations must file an exemption application with their county assessor by August 1, 2025. The bill aims to provide financial relief to veterans service organizations by eliminating their property tax burden, recognizing their important community service and support for veterans. This exemption applies to properties that are both owned and operated by these congressionally chartered organizations, ensuring that the property is actively used for veterans' services to qualify for the tax exemption.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1656&ssn=0&y=2025