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MN HF1661

Bill

Official Source

Status

Introduced

2/25/2021

Primary Sponsor

Jennifer Schultz

Click for details

Origin

House of Representatives

92nd Legislature 2021-2022

AI Summary

  • Creates tax exemption for elderly living facilities meeting six specific requirements under Minnesota Statutes section 272.02
  • Requires facilities to be located in first-class cities with populations under 110,000 and owned/operated by 501(c)(3) nonprofit organizations
  • Mandates facilities have both a housing with services license (chapter 144D) and comprehensive home care license (chapter 144A)
  • Requires construction to have been completed between January 1, 1963, and January 1, 1964
  • Requires residents to be at least 62 years old or disabled, with at least 30 percent of units occupied by persons earning no more than 50 percent of median family income for the area
  • Effective beginning with assessment year 2022

Legislative Description

Elderly living facilities exempted from taxation.

Last Action

Referred by Chair to Property Tax Division

3/1/2021

Committee Referrals

Property Tax3/1/2021
Taxes2/25/2021

Full Bill Text

No bill text available