MN HF3460

Requires the commissioner of revenue to submit a report to legislative tax committees by January 15, 2025 with recommendations to simplify property tax refund claims and improve program participation.

Report must evaluate converting property tax refund programs to a refundable income tax credit as a potential reform option.

Report must evaluate automatically applying refunds to taxpayers' property tax liability as a potential reform option.

Report must evaluate modifying the measure of income used to calculate refunds as a potential reform option.

Becomes effective the day following final enactment.