This bill establishes a market value exclusion for licensed in-home child care providers in Minnesota, amending Minnesota Statutes 2024, specifically section 273.13. The new subdivision 36 allows properties classified as 1a or a portion of 2a, used for family day care or group family day care, to receive a market value exclusion of 50% of the property's market value. The bill mandates that by July 1, 2025, the commissioner of human services must provide counties with a list of all licensed family day care providers. Additionally, properties qualifying for this exclusion will not be eligible for other market value exclusions under subdivisions 34 or 35.

The bill also amends section 276.04, subdivision 2, regarding the contents of property tax statements. It requires that the tax statements include the new licensed in-home child care provider exclusion alongside other property tax information. The effective date for these changes is set for property taxes payable in 2026. The bill aims to support in-home child care providers by reducing their property tax burden, thereby promoting the availability of child care services in the state.

Statutes affected:
Introduction: 273.1392, 273.1393, 275.065, 276.04
1st Engrossment: 273.13, 276.04