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MN HF236
Bill
Status
Introduced
1/11/2023
Primary Sponsor
Mike Freiberg
Click for details
AI Summary
- Sets exclusion base amount at $400,000 for assessment year 2023, adjusting annually thereafter based on implicit price deflator for government consumption and investment
- For veterans with 70% or more service-connected disability, excludes market value equal to the exclusion base amount multiplied by disability rating percentage
- For veterans with total (100%) and permanent disability, excludes the full exclusion base amount ($400,000 starting in 2023)
- Expands spousal application period for service member deaths, allowing applications to be filed any time after death rather than within two years
- Allows previously denied applicants to reapply for exclusion benefits in current assessment year
Legislative Description
Disabled veteran market value exclusion increased.
Last Action
Author added Stephenson
4/11/2023
Committee Referrals
Property Tax3/2/2023
Taxes2/16/2023
Veterans and Military Affairs Finance & Policy1/11/2023
Full Bill Text
No bill text available