MN HF1735

Increases maximum state refund for homeowners from $2,770 to $3,150 across all household income brackets under the homestead credit.

Raises income eligibility threshold for homeowners from $113,150 to $118,620, allowing higher-income households to qualify for refunds.

Increases maximum state refund for renters from $2,150 to $2,250 across most household income brackets under the renter's credit.

Raises income eligibility threshold for renters from $61,320 to $64,290, extending credit availability to higher-income renters.

Both provisions are effective for property taxes and rent paid after December 31, 2021 (homeowners) and December 31, 2020 (renters).