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MN SF5283
Bill
Status
Introduced
4/2/2024
Primary Sponsor
Grant Hauschild
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AI Summary
- Increases the maximum taconite homestead property tax reduction from $315.10 to $415 for property located within qualifying municipalities
- Maintains the 66 percent tax reduction rate for property within municipalities as defined under section 273.134, paragraph (a)
- Maintains the 57 percent tax reduction rate and $289.80 maximum for property in qualifying school districts but outside municipality boundaries
- Effective for property taxes payable beginning in 2025
- Amends Minnesota Statutes 2022, section 273.135, subdivision 2
Legislative Description
Taconite homestead credit maximum increase provision
Last Action
Referred to Taxes
4/2/2024
Committee Referrals
Taxes4/2/2024
Full Bill Text
No bill text available