This bill establishes a property tax exemption for certain properties owned and operated by congressionally chartered veterans service organizations in Minnesota. It amends Minnesota Statutes 2022, section 272.02, by adding a new subdivision that specifies that property qualifying under section 273.13, subdivision 25, paragraph (d), clause (3), is exempt from property taxes if owned and operated by such organizations. The bill also mandates that the commissioner of veterans affairs provide an annual list of these organizations to the commissioner of revenue, with specific deadlines for the assessment year 2024.

Additionally, the bill amends Minnesota Statutes 2023 Supplement, section 273.13, subdivision 25, to clarify the classification rates for various property types, including those owned by congressionally chartered veterans organizations. It specifies that property qualifying for this classification will have a reduced tax rate of one percent. The effective date for these changes is set to begin with the assessment year 2024, ensuring that the new provisions are implemented in a timely manner.

Statutes affected:
Introduction: 272.02