This bill amends Minnesota Statutes 2024, section 272.02, by adding a new subdivision that establishes a property tax exemption for certain properties owned by federally recognized Indian Tribes. The exemption applies to the market value of Tribal-owned property located in a city of the first class with a population greater than 400,000, provided that the property is owned by a Tribe or its instrumentality as of January 2, 2025, and that the portion used exclusively for noncommercial Tribal government activities does not exceed 7,955 square feet.

Additionally, the bill specifies that any portion of the Tribal-owned property used for single-family housing, market-rate apartments, parking facilities, agriculture, or forestry will not be eligible for this tax exemption. The effective date of this section is contingent upon the property owner complying with Minnesota Statutes, section 272.025, for the assessment year.

Statutes affected:
Introduction: 272.02