The bill proposed in the Minnesota House of Representatives offers a tax exemption for specific properties owned or leased by congressionally chartered veterans organizations. Here are the key points simplified:

1. Eligible Property: Real properties up to three acres either owned or leased by these veterans organizations can be exempt from property taxes.

2. Conditions for Tax Exemption:

   • The veterans organization must be a nonprofit focused on community service.
   • The property cannot be used for residential purposes.
   • The property should not be engaged in revenue-producing activities for more than six days in the year prior to assessment.
   • Alternatively, the organization can be eligible for the exemption if it contributes annually to charity at least two-thirds of what the previous year's property taxes would have been (or equal to the full amount of the last year's taxes in some cases).

3. Utilization for Public Benefit:

   • The exempted property must be available for public and community meetings or events free of charge, with considerations for the size of the facility.

4. Documentation and Application:

   • Organizations must maintain records of their charitable contributions, public activities, and make these available upon request to demonstrate compliance with exemption conditions.
   • Property owners seeking exemption under these rules need to apply by May 1 each year to the assessor for that year’s tax assessment, using a prescribed form.

5. Oversight:

   • The Commissioner of Veterans Affairs is required to annually provide a list of congressionally chartered veterans organizations to the Commissioner of Revenue by January 1 each year.

In short, this bill aims to support veterans organizations by reducing their property tax burden, provided they engage in charitable activities and make their facilities available for public and community use under certain conditions.