This bill establishes a new tax credit for licensed in-home child care providers in Minnesota, known as the "licensed in-home child care provider credit." The credit is set at 50% of the net tax owed on qualifying properties used for family day care or group family day care programs. The bill requires the commissioner of human services to provide counties with a list of licensed providers by July 1, 2025, and outlines the process for tax reduction certifications and reimbursements to local taxing jurisdictions and school districts. It also appropriates funds from the general fund to cover these reimbursements. The credit will be incorporated into the calculation of net property taxes and will take effect for property taxes payable in 2026, with related amendments to existing statutes effective in fiscal year 2027.

Additionally, the bill allows taxing districts to include a notice with property tax statements to inform taxpayers about upcoming budget deliberations and encourage their participation. If multiple taxing districts related to a property opt to include such notices, the county treasurer or auditor will coordinate the process and may consolidate the information into a single announcement. This provision aims to enhance taxpayer engagement in local budget discussions by providing timely information alongside property tax statements, with the new legal language taking effect for property taxes payable starting in 2026.

Statutes affected:
Introduction: 273.1392, 273.1393, 275.065, 276.04