SF17 (Legislative Session 94 (2025-2026))
Market value exclusion increase for veterans with a disability
Related bill: HF684
AI Generated Summary
SF No. 17 is a Minnesota legislative bill aimed at providing property tax relief to veterans with disabilities and their families. This bill proposes to increase the market value exclusion on property taxes for homesteads owned by veterans with a disability rating of 70 percent or more, and those with a total and permanent disability:
- Veterans with a Disability Rating of 70% or More: The market value exclusion for property tax purposes will increase from $150,000 to $165,000.
- Veterans with Total and Permanent Disability: For veterans who are fully and permanently disabled, the exclusion will rise from $300,000 to $330,000.
Additional Key Points: - If a veteran eligible for the exclusion dies, the surviving spouse can continue to benefit from this exclusion, as long as they do not remarry or sell the property. - Spouses of service members who die from service-connected causes are also entitled to these exclusions under the same conditions. - Family caregivers of veterans, if not the owner of the property, may receive an exclusion if the veteran meets specific disability requirements. - Changes such as remarriage or changes in property ownership or use must be reported to continue benefiting from these exclusions.
The bill emphasizes easing the financial burdens on veterans with significant disabilities and their families, acknowledging their service and sacrifices.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 15, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 15, 2025 | Senate | Floor | Action | Referred to | Taxes |
| March 02, 2025 | Senate | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"A new provision to extend the exclusion benefits to veterans' primary family caregivers."
],
"removed": [],
"summary": "Amends the tax exclusion for market value for veterans with a disability and their families.",
"modified": [
"Increases the market value exclusion amounts from $150,000 to $165,000 for 70% disability and from $300,000 to $330,000 for 100% disability.",
"Clarifies conditions under which the exclusion benefits can be transferred or continued for surviving spouses."
]
},
"citation": "273.13, subdivision 34"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Defines the meaning of 'active service' relevant to the eligibility for benefits outlined in the section.",
"modified": []
},
"citation": "190.05"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Defines 'veteran' for the purposes of this legislative section.",
"modified": []
},
"citation": "197.447"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Federal code outlining the Program of Comprehensive Assistance for Family Caregivers, related to determining the eligibility of a veteran's primary family caregiver.",
"modified": []
},
"citation": "U.S. Code Title 38, Section 1720G"
}
]