This bill amends Minnesota Statutes to establish a property tax exemption for certain properties owned and operated by congressionally chartered veterans service organizations. Specifically, it adds a new subdivision to section 272.02, which states that property qualifying under section 273.13, subdivision 25, paragraph (d), clause (3), and owned by these organizations will be exempt from property taxes. The bill also mandates that the commissioner of veterans affairs provide an annual list of these organizations to the commissioner of revenue by January 1. The effective date for this exemption is set to begin with the assessment year 2026.

Additionally, the bill modifies section 273.13, subdivision 25, to adjust 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 classification rate of one percent. The bill also clarifies the classification rates for other property types, including manufactured home parks and commercial-use seasonal residential recreational property, ensuring that the tax structure is updated to reflect these changes.

Statutes affected:
Introduction: 272.02, 273.13