MN HF477

Excludes $150,000 of market value from property taxation for veterans with a 70% or greater service-connected disability rating certified by the U.S. Department of Veterans Affairs.

Excludes $300,000 of market value for veterans with a total (100%) and permanent disability rating.

Extends the $300,000 exclusion to the surviving spouse of a qualified veteran for up to 8 additional tax years if the spouse continues to own and reside in the homestead, or until the spouse remarries or sells the property.

Allows a disabled veteran who does not own Minnesota homestead property to transfer the exclusion benefit to their primary family caregiver's homestead.

Effective for taxes payable in 2018.