HF168

HF168 (Legislative Session 94 (2025-2026))

Process for seniors to receive an advance credit of the homestead credit refund established, and advance credit established.

Related bill: SF1957

AI Generated Summary

The bill discussed proposes to establish an "Advance Homestead Credit for Seniors". This aims to help senior property owners by allowing them to receive an advance on their homestead credit refund. Key points of the bill include:

Eligibility: To be eligible, the property must be the homestead of a senior who received homestead treatment the previous tax year. Seniors need to apply and be approved.
Credit Amount: Eligible seniors can get an advance credit equal to 50% of their last year's homestead credit refund.
Certification and Payment: The revenue commissioner must calculate and certify the credit amounts, which the county auditor applies to each qualifying property’s taxes, ensuring the amount does not exceed the first half payment due. Adjustments are made if necessary.
Funding: Reimbursements for the tax reductions provided by this credit are funded by appropriations from the general fund to local taxing jurisdictions and school districts, as needed.

The bill was read in the House and referred to the Committee on Taxes for further discussion and potential modification. This measure is intended to provide financial relief to older homeowners by reducing their property tax payments upfront in the tax year.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 09, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes
February 12, 2025	House	Floor	Action	Authors added
February 16, 2025	House	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [
        "Clarifies payment schedule for school districts receiving homestead credit allocations."
      ],
      "removed": [
        "Eliminates ambiguous language related to prior year adjustments."
      ],
      "summary": "This bill modifies the reimbursement process for school districts under section 273.1392.",
      "modified": [
        "Adjusts appropriation procedures to align with new senior credit system."
      ]
    },
    "citation": "273.1392"
  },
  {
    "analysis": {
      "added": [
        "Includes specific provisions for senior claimants eligibility."
      ],
      "removed": [
        "Previous residency verification requirements for senior claimants."
      ],
      "summary": "This bill updates eligibility criteria for homestead property within section 273.1393.",
      "modified": [
        "Aligns homestead treatment guidelines with new senior credit regulations."
      ]
    },
    "citation": "273.1393"
  },
  {
    "analysis": {
      "added": [
        "Notification adjustments for properties receiving senior homestead credits."
      ],
      "removed": [
        "Eliminates outdated levy rate tables for affected properties."
      ],
      "summary": "This bill revises property tax levy notifications under section 275.065, subdivision 3.",
      "modified": [
        "Updates language to accommodate changes in homestead credit eligibility."
      ]
    },
    "citation": "275.065, subdivision 3"
  },
  {
    "analysis": {
      "added": [
        "New instructions for statements involving senior homestead credits."
      ],
      "removed": [
        "Previous exceptions for electronic statement delivery."
      ],
      "summary": "This bill adjusts mailing procedures for tax statements under section 276.04, subdivision 2.",
      "modified": [
        "Clarifies deadlines for statement issuance and property owner responsibilities."
      ]
    },
    "citation": "276.04, subdivision 2"
  },
  {
    "analysis": {
      "added": [
        "Incorporates senior credit as a refundable component."
      ],
      "removed": [
        "Restrictions on refund applications from senior households."
      ],
      "summary": "This bill alters property tax refund calculation under section 290A.03, subdivision 13.",
      "modified": [
        "Recalculates refund amounts to reflect changes in property tax credits."
      ]
    },
    "citation": "290A.03, subdivision 13"
  },
  {
    "analysis": {
      "added": [
        "Includes procedural checks for senior advance credits."
      ],
      "removed": [
        "Previous deadlines for submitting correction requests."
      ],
      "summary": "This bill mandates review protocols for tax certifications in section 270C.85, subdivision 2.",
      "modified": [
        "Streamlines auditing process for enhanced accuracy in certifications."
      ]
    },
    "citation": "270C.85, subdivision 2"
  }
]