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MN SF2504
Bill
Status
Introduced
3/13/2025
Primary Sponsor
Aric Putnam
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AI Summary
- Raises the household income limit for the senior citizens' property tax deferral program from $96,000 to $110,000
- Reduces the homestead ownership requirement from five years to two years prior to initial application
- Updates income thresholds for excess-income certification and resumption of eligibility to match the new $110,000 limit
- Effective for applications for deferral of taxes payable in 2026 and thereafter
Legislative Description
Senior citizens' property tax deferral program modification
Last Action
Referred to Taxes
3/13/2025
Committee Referrals
Taxes3/13/2025
Full Bill Text
No bill text available