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MN HF1123

Bill

Official Source

Status

Introduced

2/13/2017

Primary Sponsor

Jim Davnie

Click for details

Origin

House of Representatives

90th Legislature 2017-2018

AI Summary

  • Increases homestead property tax valuation exclusion for disabled veterans with 70 percent or more service-connected disability from $150,000 to $165,000 of market value
  • Increases exclusion for totally and permanently disabled veterans (100 percent disability) from $300,000 to $330,000 of market value
  • Allows exclusion to carry over to surviving spouse for eight additional tax years if veteran with total permanent disability predeceases, provided spouse holds title and permanently resides at homestead
  • Extends eligibility to primary family caregivers of disabled veterans who do not own Minnesota homestead property
  • Effective for taxes payable in 2019

Legislative Description

Homestead valuation exclusion increased for disabled veterans.

Last Action

Referred by Chair to Property Tax and Local Government Finance Division

3/16/2018

Committee Referrals

Property Tax and Local Government Finance3/16/2018
Taxes3/8/2018
Veterans Affairs2/13/2017

Full Bill Text

No bill text available