MN SF2915

Adds new restrictions on property tax exemptions for rental housing owned by public charities, requiring that the rental property use must further the organization's tax-exempt charitable purpose beyond simply providing housing based on tenants' income characteristics

Clarifies that government rent assistance provided to tenants does not count as a gift or donation to the property owner when determining charitable exemption eligibility

Specifies that government financing assistance or tax credits conditioned on income-restricted units do not qualify as gifts or donations to the rental housing owner

Amends Minnesota Statutes section 272.02, subdivision 7, governing property tax exemptions for 501(c)(3) institutions of purely public charity

Effective for property taxes payable in 2025 and thereafter