MN HF875

Extends the property tax exemption expiration date for certain Indian tribe-owned property from taxes payable in 2024 to taxes payable in 2034, providing a 10-year extension.

Exempts property that was classified as 3a for taxes payable in 2013, is located in a city of the first class with population greater than 300,000, and has been owned by a federally recognized Indian tribe or its instrumentality since January 2, 2012.

Limits exempt property to no more than two contiguous parcels and structures not exceeding 20,000 square feet in aggregate, and excludes property acquired for single-family housing, market-rate apartments, agriculture, or forestry.

Requires exempt property to be used exclusively for tribal purposes (including noncommercial tribal government activities) or institutions of purely public charity.

Makes the amendment effective for property taxes payable in 2023 and thereafter.