This bill amends Minnesota Statutes 2024, section 273.13, subdivision 34, to enhance property tax relief for veterans with disabilities. Specifically, it increases the market value exclusion for totally and permanently disabled veterans from $300,000 to $400,000, and for veterans with a disability rating of 70 percent or more, the exclusion amount is raised from $150,000 to $200,000. The bill also outlines the eligibility criteria for veterans and their spouses to qualify for these exclusions, including requirements for honorable discharge and residency.

Additionally, the bill includes provisions for the continuation of tax benefits for surviving spouses and primary family caregivers of eligible veterans. It mandates that county veterans service officers certify the disability ratings of veterans receiving these benefits, and it establishes a timeline for applications to be submitted. The effective date for these changes is set to begin with the assessment year 2026.

Statutes affected:
Introduction: 273.13