MN SF3550

Lowers the special property tax refund threshold from 12% to 8% for homestead property tax increases and raises the maximum refund from $1,000 to $1,500, effective for taxes payable in 2026 and thereafter

Creates a new excise tax on social media platform businesses collecting data from Minnesota consumers, with tiered rates: $0 for 100,000 or fewer consumers; $0.10/consumer for 100,001-500,000; $0.25/consumer plus $40,000 for 500,001-1,000,000; and $0.50/consumer plus $165,000 for over 1,000,000 consumers monthly

Establishes a onetime public safety aid program in fiscal year 2027, allocating 30% to counties and Tribal governments and 70% to cities and towns with populations of at least 10,000

Requires public safety aid funds to be used for community violence prevention, mental health crisis response, victim services, first responder wellness, fire/rescue equipment, and other personnel or equipment costs

Prohibits use of public safety aid for armored vehicles, tear gas, police station construction, costs related to alleged misconduct, or pension contributions for entities already receiving police state aid