MN HF555

Adds a new property tax classification rate of one percent for real property owned or operated by congressionally chartered veterans organizations that qualify under Class 4c, clause (3).

Requires the Commissioner of Veterans Affairs to provide a list of congressionally chartered veterans organizations to the Commissioner of Revenue by June 30, 2017, and by January 1, 2018, and annually thereafter.

Applies to properties up to three acres used by nonprofit community service organizations, provided they meet specific charitable contribution and revenue-producing activity requirements.

Effective for taxes assessed in 2017 and payable in 2018.