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HF684 (Legislative Session 94 (2025-2026))

Property tax; market value exclusion for veterans with a disability increased.

Related bill: SF17

AI Generated Summary

This bill seeks to adjust property tax relief for disabled veterans in Minnesota. It aims to increase the amount of property value that can be excluded from taxation for veterans with service-connected disabilities. Specifically:

  1. For veterans with a disability rating of 70% or more, the market value exclusion is increased from $150,000 to $165,000.
  2. For veterans with a total and permanent disability rating of 100%, the exclusion is raised from $300,000 to $330,000.

Additionally, the bill details provisions for the surviving spouses of veterans. If a veteran who qualified for the property tax exclusion passes away, the benefit can extend to their spouse, provided the spouse does not remarry or sell the property.

There are also provisions for primary family caregivers of veterans. If a veteran qualifies for the exclusion but does not own property, the caregiver’s property can receive the tax exclusion instead.

Property owners need to apply to qualify and must notify the assessor of any changes in ownership or use of the property. The bill also includes processes for continued benefits under certain conditions if the spouse moves to a new residence.

Overall, the goal is to offer greater financial relief to disabled veterans and their families as a recognition of their service and sacrifices.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 12, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
February 18, 2025HouseFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [
        "Expanded market value exclusion for veterans with a 100 percent and permanent disability from $300,000 to $330,000."
      ],
      "removed": [
        "No provisions explicitly removed based on the text."
      ],
      "summary": "This bill amends the property tax exclusion for veterans with disabilities as provided in section 273.13.",
      "modified": [
        "Increases exclusion amounts for veterans with 70 percent or more disability ratings from $150,000 to $165,000."
      ]
    },
    "citation": "273.13"
  }
]

Sponsors