MN SF4812

Creates a property tax exemption for real property up to a maximum of 3 acres owned or leased by congressionally chartered veterans organizations that are also nonprofit community service organizations.

Property must not be used for residential purposes and qualifies for exemption if either: (1) not used for revenue-producing activities for more than 6 days per calendar year, or (2) organization makes annual charitable contributions equal to at least two-thirds of previous year's property taxes and allows property use for public and community meetings/events at no charge.

For leased property exemptions, owners must file an application by May 1 with the assessor; the Commissioner of Revenue must prescribe a uniform application form.

Organizations claiming exemptions under the charitable contribution option must maintain records of contributions and public meetings/events available upon request to ensure continued eligibility.

Establishes a 1 percent classification rate for class 4c property owned or operated by congressionally chartered veterans organizations; Commissioner of Veterans Affairs must provide annual list of qualifying organizations to Commissioner of Revenue by January 1.

Effective beginning with property taxes payable in 2025.