The bill (H.F. No. 02172025), authored by Davids, aims to create a property tax exemption for certain properties owned by Indian Tribes in Minnesota. It proposes an amendment to Minnesota Statutes 2024, specifically section 272.02, by adding a new subdivision that details the criteria for this exemption.

Here are the key points of the proposed tax exemption outlined in the bill:

1. Type of Property: The property eligible for the exemption must be currently classified as class 2b according to section 273.13, subdivision 23, for taxes payable in 2025.

2. Location Criteria:

   • The property must be situated within a county that has a population greater than 5,580 but less than 5,620 as per the 2020 federal census.
   • Additionally, the property must be located in an unorganized territory that has a population of less than 800 according to the 2020 federal census.

3. Ownership: To qualify for exemption, the property must have been owned by a federally recognized Indian Tribe or its instrumentality that is located within the state of Minnesota as of January 2, 2023, and must continue to be owned by them for the current assessment.

In summary, this legislative bill introduces a property tax exemption for specific properties owned by Indian Tribes, contingent on property type, stringent location parameters, and consistent ownership by the tribe recognized by federal standards.