This bill proposes a property tax exemption for certain property owned by the United Way of Bemidji Area, specifically for property acquired on August 1, 2025, which will be exempt from property taxes payable in 2026. The county assessor is required to provide an exemption application to the United Way, which must be filed by August 1, 2026, to qualify for the exemption. Additionally, the bill appropriates funds from the general fund to the commissioner of revenue to cover the property taxes that would have been due, ensuring that the county receives the necessary payment.

Furthermore, the bill mandates that by August 1, 2026, the auditor of Beltrami County must certify the amount to be paid to the county by the commissioner of revenue, with the payment to be made by August 15, 2026. Any unpaid taxes for 2026 will be distributed to local jurisdictions based on the tax levied, and the county auditor is also responsible for refunding any property taxes that the United Way of Bemidji Area has already paid for that year. The provisions of this bill will take effect the day after it is enacted.