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 first-class city with a population exceeding 400,000, provided that the property is used exclusively for noncommercial Tribal government activities and does not exceed 7,955 square feet. The bill specifies that properties used for single-family housing, market-rate apartments, parking facilities, agriculture, or forestry will not qualify for this exemption.

Additionally, the bill includes an effective date stipulating that the exemption will take effect for the assessment year in which the property owner complies with Minnesota Statutes, section 272.025. This legislative change aims to support the economic interests of Indian Tribes by alleviating some of the tax burdens on their government-related properties.

Statutes affected:
Introduction: 272.02