MN HF1323

Increases maximum homestead property tax credit refund from $2,770 to $3,150 for most income brackets and adjusts income thresholds upward, effective for property taxes payable after December 31, 2023

Raises the homeowner income eligibility threshold from $113,150 to $118,621 for receiving homestead credit refunds

Increases maximum renter's credit refund amounts ranging from $2,150 to $2,250 depending on income bracket and adjusts income thresholds upward, effective for rent paid after December 31, 2022

Raises the renter's income eligibility threshold from $61,320 to $64,291 for receiving renter's credit refunds

Amends both homestead and renter credit schedules by adjusting the percent of income thresholds and percent paid by claimants across multiple income brackets to expand refund eligibility