Loading chat...
MN SF272
Bill
Status
Introduced
1/12/2023
Primary Sponsor
Matt Klein
Click for details
AI Summary
-
Reduces the property tax increase threshold for homestead refund eligibility from 12 percent to 10 percent annually.
-
Doubles the maximum refund cap from $1,000 to $2,000 for homeowners who qualify.
-
Maintains the 60 percent refund rate on tax increases exceeding the 10 percent threshold or $100 minimum.
-
Effective for refund claims based on taxes payable in 2024 and thereafter.
Legislative Description
Additional property tax refund modification
Last Action
Referred to Taxes
1/12/2023
Committee Referrals
Taxes1/12/2023
Full Bill Text
No bill text available