MN SF3953

Creates a property tax exemption under Minnesota Statutes section 272.02, subdivision 106, for property owned and operated by congressionally chartered veterans service organizations beginning with assessment year 2024.

Removes the special classification rate of one percent for property owned by congressionally chartered veterans organizations under Class 4c (subdivision 25, clause 3), eliminating preferential tax treatment and moving such properties to full exemption instead.

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

For assessment year 2024 only, requires the Commissioner of Veterans Affairs to provide the list by July 1, 2024, and organizations must file exemption applications with county assessors by August 1, 2024.

All effective dates are beginning with assessment year 2024, except the special provision which is effective the day following final enactment.