Loading chat...
MN HF3672
Bill
Status
3/15/2010
Primary Sponsor
Torrey Westrom
Click for details
AI Summary
-
Changes the definition of "rent constituting property taxes" from 19 percent to 14 percent of gross rent paid in cash or equivalent for Minnesota homestead occupancy.
-
Modifies the renter property tax refund schedule by adjusting income thresholds and maximum state refund amounts across all household income levels.
-
Eliminates inflation adjustments for income thresholds and maximum refund amounts under the property tax refund program, ending annual adjustments that were scheduled beginning in 2002.
-
Raises the income threshold at which renters become ineligible for refunds from $41,820 to $31,140.
-
Applies changes to claims based on rent paid in 2010 and thereafter.
Legislative Description
Property tax refund for renters schedule modified, percentage of rent constituting property taxes reduced, and inflation adjustment of the brackets and maximum refund amount ended.
Last Action
House: Referred by Chair to Property and Local Sales Tax Division
3/17/2010