Bill > HF1756

This bill modifies property tax provisions for veterans with disabilities, their surviving spouses, and their primary family caregivers. The key changes include increasing the market value exclusion for homesteads owned by veterans with service-connected disabilities, with the exclusion amount set at $200,000 for assessment year 2026 and adjusted annually for inflation thereafter. For veterans with a 100 percent total and permanent disability, the exclusion will be doubled to $400,000. The bill expands benefits for surviving spouses by removing previous restrictions on remarriage and allowing them to continue receiving the property tax exclusion when they move to a new homestead, subject to certain conditions. Additionally, the bill clarifies eligibility requirements, such as allowing surviving spouses to apply for the exclusion at any time after a service member's death and permitting reapplication for previously denied claims. The purpose of these changes is to provide property tax relief for veterans, their caregivers, and their families who have experienced significant service-related challenges, recognizing their sacrifices and supporting their financial well-being. The provisions will take effect for assessment year 2026 and subsequent years.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1756&ssn=0&y=2025