MN SF121

Creates property tax exemption for real property owned and operated by congressionally chartered veterans service organizations, effective beginning assessment year 2023.

Requires Commissioner of Veterans Affairs to annually provide list of congressionally chartered veterans service organizations to Commissioner of Revenue by January 1.

For assessment year 2023 only, Commissioner of Veterans Affairs must provide list by July 1, 2023, and organizations must file exemption applications with county assessor by August 1, 2023.

Establishes classification rate of 1.0 percent for property owned or operated by congressionally chartered veterans organizations that qualifies under Class 4c property regulations, specifically for nonprofit community service oriented organization property under section 273.13, subdivision 25, paragraph (d), clause (3).