MN HF3432

Amends Minnesota Statutes section 290A.03, subdivision 3 to expand the property tax refund exemption amount for senior claimants and claimants with a disability.

Changes the income deduction multiplier for claimants or their spouses who had a disability or attained age 65 on or before December 31 of the tax year from 1.5 to 2.0 times the exemption amount.

The exemption amount is determined by the standard exemption under section 290.0121, subdivision 1, paragraph (b), for the taxable year when income is reported.

Effective beginning with claims based on rent paid in 2022 and property taxes payable in 2023.