MN SF2639

Establishes a new licensed child care provider credit equal to 50 percent of net property tax owed on eligible properties used to operate licensed day care or family day care programs, effective for taxes payable in 2024.

Eligible properties include class 1a residential property, the house/garage/one acre of class 2a property, or class 3a property used for licensed child care operations as defined under Minnesota Rules chapter 9502.

County auditors must determine and certify tax reductions to the Commissioner of Revenue, with reimbursement to local taxing jurisdictions in two equal installments on October 31 and December 26 of each taxes payable year.

Commissioner of Revenue must reimburse non-school district taxing jurisdictions from the general fund; Commissioner of Education must reimburse school districts according to existing payment procedures.

Amends property tax credit computation order to include the licensed child care provider credit as the last credit subtracted from gross tax, and requires the credit to be shown separately on property tax notices and statements.