This bill proposes a property tax exemption for certain properties owned by Indian Tribes in Minnesota. It amends Minnesota Statutes 2024, section 272.02, by adding a new subdivision that outlines specific criteria for the exemption. The criteria include that the property must have been classified as class 2b for taxes payable in 2025, be located in a county with a population between 5,580 and 5,620 according to the 2020 federal census, be situated in an unorganized territory with a population of less than 800, and be owned by a federally recognized Indian Tribe or its instrumentality as of January 2, 2023.

The bill also specifies that the exemption will take effect starting with the assessment year 2026. This legislative change aims to provide financial relief to Indian Tribes by exempting qualifying properties from property taxes, thereby supporting their economic development and sovereignty within the state.

Statutes affected:
Introduction: 272.02