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MN HF4226
Bill
Status
Introduced
3/10/2022
Primary Sponsor
Esther Agbaje
Click for details
AI Summary
- Increases the renter's credit income eligibility cap from $61,320 to $90,000 for household income, allowing more renters to qualify for refunds based on rent paid as property taxes
- Reduces the percentage of rent that claimants must pay out-of-pocket across multiple income brackets, effectively lowering co-pays for eligible renters
- Increases maximum state refund amounts across all income brackets, with increases ranging from $20 to $400 depending on household income level
- Establishes 2022 as the statutory year for renter's credit adjustments, enabling annual inflation adjustments by the commissioner starting in 2023
- Applies to refunds based on rent paid in 2022 and following years
Legislative Description
Renter's credit income cap increased, co-pays reduced, and maximum refunds increased.
Last Action
Author added Her
4/4/2022
Committee Referrals
Property Tax3/11/2022
Taxes3/10/2022
Full Bill Text
No bill text available