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MN HF5062
Bill
Status
Introduced
3/20/2024
Primary Sponsor
Samantha Sencer-Mura
Click for details
AI Summary
- Establishes property tax exemption for certain property owned by federally recognized Indian Tribes or their instrumentalities located within Minnesota, effective for assessment year 2025
- Property must have been classified as class 3a for taxes payable in 2024 and located in a first-class city with population greater than 400,000 as of the 2020 federal census
- Exemption limited to no more than two contiguous parcels with combined structures not exceeding 40,000 square feet
- Property used for single-family housing, market-rate apartments, agriculture, or forestry does not qualify for the exemption
- Amends Minnesota Statutes 2022, section 272.02 by adding subdivision 106
Legislative Description
Property tax exemption for property owned by an Indian Tribe established.
Last Action
Referred by Chair to Property Tax Division
3/25/2024
Committee Referrals
Property Tax3/25/2024
Taxes3/20/2024
Full Bill Text
No bill text available