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MN HF1059
Bill
Status
Introduced
2/9/2017
Primary Sponsor
Jeff Howe
Click for details
AI Summary
- Eliminates annual reapplication requirement for disabled veterans with 100 percent service-connected disability rating once property is initially approved for valuation exclusion under paragraph (b), clause (2)
- Property continues to qualify for exclusion until there is a change in ownership of the property or use as a homestead
- Surviving spouses of veterans with 100 percent disability rating must still reapply annually and upon any change in marital status, ownership, or permanent residence use
- Excludes $300,000 of market value for veterans with total (100 percent) and permanent service-connected disability; $150,000 for 70 percent or higher disability
- Effective for taxes payable in 2019
Legislative Description
Disabled veterans homestead exclusion annual application requirement eliminated.
Last Action
Committee report, to adopt and re-refer to Taxes
2/15/2017
Committee Referrals
Taxes2/15/2017
Veterans Affairs2/9/2017
Full Bill Text
No bill text available