MN SF255

Property owned and operated by congressionally chartered veterans service organizations that qualifies as Class 4c nonprofit community service property (up to 3 acres, not used for residential purposes) becomes fully exempt from property taxes starting with assessment year 2025

Removes the existing 1% reduced classification rate for veterans organization property under Class 4c and replaces it with a complete property tax exemption

Commissioner of Veterans Affairs must provide an annual list of congressionally chartered veterans service organizations to the Commissioner of Revenue by January 1 each year

For assessment year 2025 only, special transition deadlines apply: the veterans organization list must be provided by July 1, 2025, and organizations must file exemption applications with county assessors by August 1, 2025