This bill amends Minnesota Statutes to establish a property tax exemption for certain properties owned and operated by congressionally chartered veterans service organizations. Specifically, it adds a new subdivision to section 272.02, which states that property qualifying under section 273.13, subdivision 25, paragraph (d), clause (3), owned by these organizations will be exempt from property taxes. The Commissioner of Veterans Affairs is tasked with providing an annual list of these organizations to the Commissioner of Revenue, with specific deadlines set for the assessment year 2025.

Additionally, the bill modifies section 273.13, subdivision 25, to adjust the classification rates for various property types, including those owned by congressionally chartered veterans organizations. The classification rate for such properties is set at one percent, and the bill outlines the responsibilities of the Commissioner of Veterans Affairs in maintaining the list of qualifying organizations. The effective date for these changes is specified to begin with the assessment year 2025.

Statutes affected:
Introduction: 272.02, 273.13