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MN HF5198

Bill

Official Source

Status

Introduced

4/2/2024

Primary Sponsor

Dave Lislegard

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Increases maximum taconite homestead property tax reduction from $315.10 to $415 for property within qualifying municipalities
  • Maintains 66 percent tax reduction rate for property located within a municipality as defined under section 273.134, paragraph (a)
  • Maintains 57 percent tax reduction rate for property in qualifying school districts but outside municipality boundaries, with maximum reduction of $289.80
  • Effective for property taxes payable beginning in 2025

Legislative Description

Property tax provisions modified, and maximum amount of taconite homestead credit increased.

Last Action

Author added Skraba

5/6/2024

Committee Referrals

Property Tax4/2/2024
Taxes4/2/2024

Full Bill Text

No bill text available