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MN SF4103

Bill

Official Source

Status

Introduced

3/17/2022

Primary Sponsor

Jerry Newton

Click for details

Origin

Senate

92nd Legislature 2021-2022

AI Summary

  • Increases market value exclusion for veterans with 70 percent or more service-connected disability from $150,000 to $200,000 of property value
  • Increases market value exclusion for totally and permanently disabled veterans (100 percent disability) from $300,000 to $400,000 of property value
  • Extends exclusion benefits to surviving spouses of qualifying veterans who meet honorable discharge and disability requirements
  • Allows veterans' primary family caregivers to claim exclusion if the veteran does not own homestead property in Minnesota
  • Effective beginning with assessment year 2023

Legislative Description

Disabled veterans property tax market value exclusion modification by increasing exclusion amount for totally and permanently disabled veterans authorization

Last Action

Comm report: To pass as amended and re-refer to Taxes

4/4/2022

Committee Referrals

Taxes4/4/2022
Veterans and Military Affairs Finance and Policy3/23/2022
Taxes3/17/2022

Full Bill Text

No bill text available