Bill
Bill > SF3550
MN SF3550
MN SF3550Special property tax refund threshold lowering and maximum refund increase, excise tax on certain social media platform businesses establishment, onetime public safety aid for local and tribal governments establishment and appropriation
summary
Introduced
02/17/2026
02/17/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to taxation; lowering the threshold and increasing the maximum refund for the special property tax refund; establishing an excise tax on certain social media platform businesses; establishing a onetime public safety aid for local and Tribal governments; requiring a report; appropriating money; amending Minnesota Statutes 2024, section 290A.04, subdivision 2h; proposing coding for new law in Minnesota Statutes, chapter 295.
AI Summary
This bill makes several changes to Minnesota's tax laws, including lowering the threshold and increasing the maximum refund for the special property tax refund, which helps homeowners whose property taxes increase significantly. It also establishes a new excise tax on social media platform businesses that collect consumer data, with the tax rate increasing based on the number of Minnesota residents whose data is collected. Finally, the bill creates a one-time public safety aid program for local and Tribal governments, providing funding for various public safety initiatives, and requires a report on how these funds are used.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Authors added Kupec; Seeberger; Putnam; Hauschild (on 03/02/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/94/2026/0/SF/3550/ |
| BillText | https://www.revisor.mn.gov/bills/94/2026/0/SF/3550/versions/0/pdf/ |
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