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, and the exemption is limited to one parcel not exceeding 40,000 square feet. Properties used for single-family housing, market-rate apartments, agriculture, or forestry do not qualify for this exemption.

The bill also specifies that the new exemption will take effect starting with the assessment year 2026. This legislative change aims to support the economic interests of Indian Tribes by providing tax relief for properties that serve specific community and charitable purposes.

Statutes affected:
Introduction: 272.02