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 property tax exemption for such organizations, stating that qualifying properties will be exempt from taxation. The bill mandates that the commissioner of veterans affairs provide an annual list of these organizations to the commissioner of revenue, with specific deadlines for the assessment year 2025. Additionally, it requires that these organizations file an exemption application with the county assessor by August 1, 2025.

Furthermore, the bill amends section 273.13, subdivision 25, to adjust the classification rates for various property types, including those owned by veterans organizations. It establishes that properties qualifying under the new exemption will have a classification rate of one percent. The bill also clarifies the classification rates for other property types, including commercial-use seasonal residential recreational property and marina recreational land, which will have a classification rate of one percent for the first $500,000 of market value and 1.25 percent for the remaining value. The effective date for these changes is set to begin with the assessment year 2025.

Statutes affected:
Introduction: 272.02, 273.13