MN HF1818

Increases the Class 1c property tax tier I threshold from $600,000 to $750,000 of market value and tier II threshold from $1,700,000 to $2,000,000 of market value for resort properties.

Clarifies that homestead ownership qualifications for Class 1c resorts apply whether title is held by a corporation, partnership, or limited liability company, or by individual shareholders, partners, or members of those entities.

Excludes temporary workforce housing, including construction staff during short-term projects, from being counted as commercial days for Class 1c classification purposes.

Removes the strikethrough language "even if" and replaces it with clearer provisions specifying how homestead title can be held for Class 1c property qualification.

Makes all changes effective for taxes payable in 2022 and thereafter.