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 subdivision under section 272.02, which establishes a property tax exemption for qualifying properties owned by these organizations. The bill mandates that the commissioner of veterans affairs provide an annual list of such organizations to the commissioner of revenue, with specific deadlines for the assessment year 2025. Additionally, it outlines the requirements for these organizations to apply for the exemption.

Furthermore, the bill amends 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 properties qualifying under this new exemption will have a classification rate of one percent. The bill also includes provisions for other property classifications and their respective rates, ensuring that the changes take effect starting with the assessment year 2025.

Statutes affected:
Introduction: 272.02, 273.13