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SF262 (Legislative Session 94 (2025-2026))

Veterans with a disability homestead exclusion increase provision

Related bill: HF194

AI Generated Summary

The proposed bill aims to modify the property tax exemptions available to disabled veterans in Minnesota. Specifically, it increases the amount of a veteran's property value that can be excluded from being taxed, depending on the severity of their disability. Here are the key points:

  1. For veterans with a disability rating of 70% or more: The tax exemption on their homestead (primary residence) market value is increased from $150,000 to $200,000.
  2. For veterans with a 100% total and permanent disability: The exemption is raised from $300,000 to $400,000.
  3. Benefits for surviving spouses: If a veteran eligible for these exemptions dies, their spouse can continue to benefit from the exemption, as long as they do not remarry or sell the property. This applies also to spouses of service members who die due to service-related causes.
  4. Application requirements: Veterans or their spouses must apply for these benefits, and there are specific conditions and deadlines for these applications.
  5. Agricultural homesteads: Only the house, garage, and surrounding acre qualify for the tax exemption.
  6. Change in property use: Owners must notify assessors of any changes in property ownership or usage that would affect homestead status.

This bill is designed to provide greater financial relief in property taxation to disabled veterans, acknowledging their service and sacrifice.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 15, 2025SenateFloorActionIntroduction and first reading
January 15, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Increases the exclusion amounts for veterans with service-connected disabilities.",
        "Clarifies eligibility and application process for surviving spouses and caregivers."
      ],
      "removed": [
        "Previous cap on exclusion amount for certain disability categories."
      ],
      "summary": "This bill amends the provisions for homestead exclusion for disabled veterans under Minnesota Statutes section 273.13 subdivision 34.",
      "modified": [
        "Language regarding the qualification criteria for veterans and family caregivers.",
        "Updates to application deadlines and procedure specifications."
      ]
    },
    "citation": "273.13 subdivision 34"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Defines 'active service' as per Minnesota Statutes section 190.05 for use in determining eligibility within the amended exclusion statute.",
      "modified": [
        "Incorporates existing definition of 'active service' for alignment with legislative language."
      ]
    },
    "citation": "190.05"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Uses the definition of 'veteran' as given in Minnesota Statutes section 197.447 for consistent terminology.",
      "modified": [
        "Aligns the terminology of 'veteran' across related statutes."
      ]
    },
    "citation": "197.447"
  }
]

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