This bill proposes amendments to Minnesota Statutes to provide a property tax exemption and an income subtraction for public safety officers. Specifically, it introduces a new subdivision to section 272.02, which exempts homestead property owned by public safety officers who are employed or volunteer in the same city where the property is located. The bill outlines that the necessary information to verify the officer's status must be provided by the city to the assessor, and defines "public safety officer" according to existing law. This exemption will take effect starting with the assessment year 2027.

Additionally, the bill amends section 290.0132 to include a new subdivision that allows for a subtraction of income earned by public safety officers who are residents of the city where they serve. This income subtraction applies to earnings from employment as a public safety officer in statutory or home rule charter cities. The effective date for this income subtraction is set for taxable years beginning after December 31, 2025.

Statutes affected:
Introduction: 272.02, 290.0132