This bill proposes a property tax exemption for properties owned or leased by congressionally chartered veterans organizations in Minnesota. The main points are:

1. Eligibility Criteria for Owned Properties: Veterans organizations can get a tax exemption for up to three acres of land if:

   • The organization is non-profit and community service-oriented.
   • The property is not used for residential purposes.
   • The property is used for revenue-producing activities for no more than six days per year or the equivalent in charitable contributions and donations is made, at least two-thirds or equal to the previous year’s property taxes.
   • The property must be available for public and community meetings or events at no charge, as appropriate to the facility's size.

2. Eligibility Criteria for Leased or Rented Properties: Similar rules apply to properties leased or rented by these veterans organizations. The exemptions and requirements are comparable to those for owned properties.

3. Documentation and Verification: The organizations must maintain records of their charitable activities and public use of the property. These records must be available upon request for verifying eligibility for the tax exemption.

4. Application Process: Property owners who wish to claim this exemption must apply by May 1 each year, using a form prescribed by the commissioner of revenue.

5. Annual List of Qualified Organizations: The commissioner of veterans affairs is required to provide a list of congressionally chartered veterans organizations to the commissioner of revenue annually by January 1.

In simple terms, the bill aims to support veterans organizations by reducing their financial burden through property tax exemptions, provided they meet certain conditions focused on non-profit and community-based activities.