MN SF5041

Establishes a property tax exemption for certain property owned by federally recognized Indian Tribes or their instrumentalities located within Minnesota.

Exemption applies only to property classified as class 3a for taxes payable in 2024 and located in a city of the first class with population greater than 400,000 as of the 2020 federal census.

Property must have been owned by the Indian Tribe on January 1, 2023, and ownership must continue for the current assessment to qualify.

Limited to no more than two contiguous parcels with combined structures not exceeding 40,000 square feet; excludes property used for single-family housing, market-rate apartments, agriculture, or forestry.

Effective beginning with assessment year 2025.