This Minnesota bill (S.F. No. 1656) proposes a property tax exemption for property owned and operated by congressionally chartered veterans service organizations. Specifically, it amends Minnesota Statutes 2024 by adding a new subdivision to section 272.02 and modifying section 273.13, subdivision 25.

Key provisions of the bill include:
- Qualified property, as defined under section 273.13, subdivision 25, will be exempt from property tax if owned and operated by a congressionally chartered veterans service organization.
- The Commissioner of Veterans Affairs is required to provide an annual list of congressionally chartered veterans service organizations to the Commissioner of Revenue by January 1 each year.
- For the 2025 assessment year only, the Commissioner of Veterans Affairs must submit the list by July 1, 2025.
- Also, for 2025 only, veterans service organizations seeking the exemption must file an application with the county assessor by August 1, 2025.

This bill eliminates the classification rate for applicable properties and establishes a tax exemption to provide financial relief to veterans service organizations.