HF 1062 Summary

• Modifies homestead application requirements to require Social Security numbers or individual tax identification numbers (ITINs) for property owners, spouses, and occupants in addition to existing identification requirements.

• Extends identification number collection requirements to leasehold cooperatives, requiring the cooperative association to provide assessor with Social Security numbers or ITINs of member occupants.

• Requires counties to provide the commissioner of revenue with homestead property occupant identification data (names and Social Security numbers or ITINs) for tax compliance and fraud detection purposes under chapter 290A.

• Applies to homestead applications filed in 2021 and thereafter, affecting subdivisions 6, 13, 13a, 13c, 13d, and 14 of Minnesota Statutes section 273.124.