This bill proposes amendments to Minnesota Statutes regarding property taxation, specifically targeting property owned and operated by congressionally chartered veterans service organizations. It introduces a new property tax exemption for such organizations, stating that property qualifying under a specific classification will be exempt from taxation. The bill mandates that the commissioner of veterans affairs provide an annual list of these organizations to the commissioner of revenue, starting from January 1 of each year. The effective date for this exemption is set to begin with the assessment year 2026.

Additionally, the bill amends existing classifications of property under section 273.13, subdivision 25, by adjusting the classification rates for various types of properties, including those related to manufactured home parks and recreational properties. Notably, it establishes a classification rate of one percent for properties owned or operated by congressionally chartered veterans organizations, which is a significant change from previous classifications. The bill aims to provide financial relief to veterans service organizations by reducing their property tax burden, thereby supporting their operations and services to veterans.

Statutes affected:
Introduction: 272.02, 273.13