SF255

1. Purpose

2. The bill aims to provide property tax relief by exempting certain properties that are owned and operated by congressionally chartered veterans service organizations from property taxes.

3. Main Provisions

4. Creates a new property tax exemption by adding Subdivision 106 to Minnesota Statutes 2024 section 27202.

5. The exemption applies to property that:

   • qualifies for classification under Minnesota Statutes section 27313, subdivision 25, paragraph d, clause 3, and
   • is owned and operated by a congressionally chartered veterans service organization.

6. The exemption is automatic for properties meeting these criteria and classified as such under the referenced statutes.

7. A procedural requirement is added: the Commissioner of Veterans Affairs must annually provide a list of congressionally chartered veterans service organizations to the Commissioner of Revenue by January 1 each year.

8. Significant Changes to Existing Law

9. Establishes a new property tax exemption specifically for properties owned and operated by congressionally chartered veterans service organizations, expanding the types of qualifying property that receive tax relief.

10. Introduces an annual reporting process to identify eligible organizations and properties, linking the exemption to the state’s classification framework.

Relevant Terms - property tax exemption - congressionally chartered veterans service organization - owned and operated - classification under section 27313 subdivision 25 paragraph d clause 3 - Minnesota Statutes 2024 - Commissioner of Veterans Affairs - Commissioner of Revenue - annual list - January 1