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MN HF4038
Bill
Status
2/22/2024
Primary Sponsor
Mark Wiens
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AI Summary
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Creates property tax exemption for land owned and operated by congressionally chartered veterans service organizations, effective for assessment year 2024.
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Removes the special 1.0 percent classification rate for congressionally chartered veterans organizations under Class 4c property and replaces it with a full exemption under section 272.02.
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Requires the Commissioner of Veterans Affairs to provide an annual list of congressionally chartered veterans service organizations to the Commissioner of Revenue by January 1.
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For assessment year 2024 only, establishes expedited timeline requiring the Commissioner of Veterans Affairs to provide the list by July 1, 2024, and organizations to file exemption applications with county assessors by August 1, 2024.
Legislative Description
Property tax exemption provided for land owned by congressionally chartered veterans service organizations, special classification removed for land owned by congressionally chartered veterans service organizations.
Last Action
Committee report, to adopt and re-refer to Taxes
3/20/2024