This bill proposes a property tax exemption for certain properties owned by federally recognized Indian Tribes in Minnesota. It amends Minnesota Statutes 2024, section 272.02, by adding a new subdivision that outlines the criteria for the exemption. Specifically, the property must have been classified as class 3a for taxes payable in 2025, be located in a first-class city with a population over 400,000 as of the 2020 census, and be owned by an Indian Tribe or its instrumentality as of January 1, 2024. Additionally, the property must be used exclusively for Tribal purposes or institutions of purely public charity.

The bill further stipulates that the exemption applies to only one parcel of land not exceeding 40,000 square feet, and it explicitly excludes properties used for single-family housing, market-rate apartments, agriculture, or forestry. The effective date for this exemption is set to begin with the assessment year 2026.

Statutes affected:
Introduction: 272.02