This legislative bill seeks to create a property tax exemption for certain properties in Minnesota that are owned by a federally recognized Indian Tribe. Specifically, the exemption applies to properties that:

1. Were previously classified under a particular tax classification (class 2b) for tax purposes in 2025.
2. Are situated within a county with a population between 5,580 and 5,620, as per the 2020 federal census.
3. Are located in an unorganized territory that has a population of fewer than 800 people, according to the 2020 census.
4. Were owned by a federally recognized Indian Tribe as of January 2, 2023, and remain owned by the tribe at the time of the current assessment.

The bill has been introduced to the Minnesota House of Representatives and referred to the Committee on Taxes for further deliberation.