This bill proposes amendments to the property tax laws in Minnesota, specifically relating to veterans with disabilities and their families. It outlines the following key changes:

1. Tax Exclusion Based on Disability: Veterans with a service-connected disability rating of 70% or more will qualify for a specific reduction in the taxable market value of their homestead property. The amount of reduction depends on the degree of disability:

   • A 70% disability rating allows for a $150,000 reduction.
   • A 100% permanent disability provides a $300,000 reduction.

2. Spousal Benefits: If a veteran eligible for this tax exclusion passes away, their spouse can continue to benefit from the same exclusion provided they don't remarry or sell the property. This provision also applies to spouses of service members who died from service-related causes.

3. Primary Family Caregiver Benefits: If a veteran eligible for the tax exclusion does not own a homestead, the primary family caregiver's homestead can benefit from the exclusion that would have been available to the veteran.

4. Agricultural Property Consideration: For agricultural homesteads, only the portion of the property including the house, garage, and the surrounding one acre is eligible for the tax exclusion.

5. Application Deadlines and Procedures: The bill outlines specific procedures and deadlines for applying for these exclusions. It includes a deadline of December 31 for initial applications, and specifies that changes in ownership or property use must be reported.

6. Continuation and Reapplication Conditions: Specific conditions under which a spouse can continue to receive benefits or reapply for exclusions if the initial application expired or if the property changes are detailed.

The objective of these amendments is to provide a level of property tax relief to veterans with disabilities, their caregivers, and their surviving spouses, acknowledging the heavy burdens these individuals carry due to military service.