MN HF3503

Expands homestead property tax value exclusion for disabled veterans with 70% or more service-connected disability rating from the Department of Veterans Affairs, requiring honorable discharge.

Increases exclusion amount to $300,000 of market value for veterans with total (100 percent) and permanent disability rating, compared to $150,000 for those with 70-99% rating.

Allows surviving spouses of veterans with 100% permanent disability ratings to receive the $300,000 exclusion benefit for eight additional tax years after the veteran's death if spouse holds title, permanently resides in property, and does not remarry or sell.

Extends eligibility to surviving spouses of service members who died from service-connected causes during active service, entitling them to the $300,000 exclusion for eight tax years under the same conditions.

Allows surviving spouses of veterans who died after December 31, 2011 without having applied for the exclusion to claim retroactive benefits if they apply within two years of death or by June 1, 2019, whichever is later.