Bill > HF2959

This bill modifies data protection requirements for property tax proceedings in Minnesota, primarily focusing on how income property assessment data is handled during legal proceedings. The bill amends several statutes to clarify that certain detailed financial information about income-producing properties (such as income and expense figures, vacancy rates, anticipated income, and lease information) are classified as private or nonpublic data. The bill introduces new provisions requiring the Tax Court to issue protective orders for such data, ensuring that parties receiving this sensitive information can only use it within the context of the specific legal proceeding and cannot disseminate it to unauthorized individuals. For property tax challenges involving income-producing properties, the bill outlines specific documentation that must be provided to county assessors by August 1 of the taxes payable year, including financial statements, rent rolls, and anticipated income and expenses. If a petitioner fails to provide required information or does not respond to a deficiency notice from the assessor, their petition may be dismissed. The changes aim to balance the need for transparency in property tax proceedings with protecting sensitive financial information of property owners.

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https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2959&ssn=0&y=2025