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, starting from January 1, 2026. Additionally, it amends section 273.13, subdivision 25, to include provisions related to the classification rates for various types of properties, including those owned by veterans organizations.

The bill also modifies the classification rates for certain properties, including seasonal residential recreational properties and manufactured home parks, while ensuring that properties owned by congressionally chartered veterans organizations benefit from a reduced classification rate of one percent. The effective date for these changes is set to begin with the assessment year 2026. Overall, the bill aims to provide financial relief to veterans service organizations by exempting their properties from certain tax classifications, thereby supporting their operations and contributions to the community.

Statutes affected:
Introduction: 272.02, 273.13