MN SF1928

Treats property owned or operated by a single-member limited liability company as if owned by that member for purposes of property tax exemptions under Minnesota Statutes section 272.02, subdivisions 1-33 and 42.

Requires exemption applications under subdivision 42, paragraph (b) for single-member limited liability companies to be filed with the county assessor by July 1, 2023 for assessment year 2023 only.

Effective beginning with taxes payable in 2024 and thereafter.