MN SF3348

Modifies homestead treatment eligibility for manufactured home park cooperatives organized under chapters 308A or 308B by allowing the cooperative corporation or association itself to claim homestead treatment for the park rather than individual lot claims.

Removes the requirement that occupants use property as permanent residence from the mandatory criteria for homestead treatment qualification, renumbering remaining criteria.

Extends homestead treatment eligibility to charitable corporations with 501(c)(3) tax-exempt status that operate manufactured home parks, if members hold residential participation warrants entitling them to occupy lots.

Defines "homestead treatment" for manufactured home parks as the class 4c property tax rate, excludes the homestead market value credit under section 273.1384, and excludes property taxes from rent paid determinations under section 290A.03.

Reclassifies manufactured home parks described in section 273.124, subdivision 3a to have a class rate equal to class 4d property (0.75 percent) for property tax purposes effective for taxes payable in 2011 and thereafter.