MN SF891

Creates a property tax exemption for real property up to 3 acres owned or leased by congressionally chartered veterans organizations that are also nonprofit community service organizations

Property qualifies for exemption if it is not used for residential purposes and either: (A) is not used for revenue-producing activities more than 6 days per year, or (B) the organization makes annual charitable contributions equal to at least two-thirds of the previous year's property taxes and allows free public/community use of the facility

Removes the existing 1 percent classification rate for veterans organization property under Class 4c, replacing it with full exemption under the new provision

Requires property owners seeking the leased property exemption to file an application by May 1 with the assessor; the Commissioner of Veterans Affairs must annually provide a list of eligible organizations to the Commissioner of Revenue by January 1

Effective beginning with property taxes payable in 2026