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HF1297 (Legislative Session 94 (2025-2026))

Property taxes; market value exclusion increased for veterans with a disability.

Related bill: SF772

AI Generated Summary

This bill proposes an increase in the market value exclusion for property tax purposes for veterans with a disability in Minnesota. Specifically, it amends Minnesota Statutes, Section 273.13, Subdivision 34, to adjust the exclusion amounts for veterans with service-connected disabilities:

  • The market value exclusion for veterans with at least a 70% disability rating would increase from $150,000 to $250,000.
  • The market value exclusion for veterans with a 100% total and permanent disability would increase from $300,000 to $500,000.

The bill also maintains provisions for surviving spouses and primary family caregivers to qualify for the exclusion under certain conditions, including: - Ensuring that a surviving spouse retains the exclusion until they remarry or sell/transfer the property. - Allowing a primary family caregiver of a veteran (who does not own a home) to qualify for the exclusion. - Enabling a surviving spouse to transfer the exclusion to a new homestead under specified rules.

Additionally, the bill formalizes application procedures, requiring county veterans service officers to certify veterans' disability ratings and addresses annually. It also clarifies eligibility qualifications, including the need for veterans to have been honorably discharged.

The purpose of this law is to provide tax relief to disabled veterans, their caregivers, and their surviving spouses, in recognition of their service and sacrifices.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 19, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
February 19, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
March 09, 2025HouseFloorActionAuthor added
April 09, 2025HouseFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [
        "Increase in exclusion amounts for veterans with a disability."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill modifies the market value exclusion for veterans with a disability under section 273.13, subdivision 34.",
      "modified": [
        "Adjusted qualifications and continuations for surviving spouses."
      ]
    },
    "citation": "273.13",
    "subdivision": "subdivision 34"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "References active service definition under section 190.05.",
      "modified": [
        ""
      ]
    },
    "citation": "190.05",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "The definition of 'veteran' is referenced from section 197.447.",
      "modified": [
        ""
      ]
    },
    "citation": "197.447",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "References the Program of Comprehensive Assistance for Family Caregivers under United States Code title 38, section 1720G.",
      "modified": [
        ""
      ]
    },
    "citation": "United States Code title 38, section 1720G",
    "subdivision": ""
  }
]

Sponsors