MN SF3065

Amends Minnesota Statutes section 273.13, subdivision 34, to provide property tax valuation exclusions for homesteads of disabled veterans with 70 percent or more service-connected disabilities

Excludes $150,000 of market value for veterans with 70-99 percent disability ratings and $300,000 for those with total (100 percent) and permanent disabilities

Allows the $300,000 exclusion to carry over to a surviving spouse for one additional assessment year if the spouse holds title and permanently resides at the homestead after the veteran's death

Permits properties receiving market valuation exclusions for taxes payable in 2009 to continue receiving exclusions for taxes payable in 2011 and subsequent years on the same land and buildings, regardless of property classification changes, provided no change in use or ownership occurred

Effective for taxes payable in 2011 and subsequent years