MN SF725

Property owned and operated by congressionally chartered veterans service organizations would become fully exempt from property taxes, upgrading from the current reduced 1% classification rate under Class 4c

Qualifying properties must meet existing Class 4c requirements: nonprofit community service organization properties up to 3 acres, not used for residential purposes, with either limited revenue-producing activity (6 days or fewer annually) or charitable contributions equal to prior year's property taxes

The 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

Effective beginning with assessment year 2026