This bill amends Minnesota Statutes 2022, section 273.13, subdivision 34, to modify the market value exclusion for veterans with a disability. Specifically, it establishes that veterans with a service-connected disability rating of 70 percent or more can exclude $150,000 of market value from their property taxes. For veterans with a total (100 percent) and permanent disability, the exclusion is adjusted to 100 percent of the property's value, replacing the previous exclusion of $300,000. The bill also outlines provisions for surviving spouses of veterans and primary family caregivers, allowing them to benefit from the exclusion under certain conditions.

Additionally, the bill includes a requirement for county veterans service officers to certify the disability rating and permanent address of each veteran receiving the benefit by July 1. It emphasizes the intent to provide tax relief for veterans with disabilities, their caregivers, and surviving spouses, thereby easing the financial burdens they face. The changes are set to take effect for the assessment year 2023 and thereafter.

Statutes affected:
Introduction: 273.13