HF2086

HF2086 (Legislative Session 94 (2025-2026))

Requirements for the senior citizens' property tax deferral program modified.

Related bill: SF2504

AI Generated Summary

This bill proposes modifications to the Senior Citizens Property Tax Deferral Program in Minnesota by amending existing statutes. The key changes include:

Eligibility Age Requirement: Maintains that at least one homeowner must be 65 years or older, and if married, the other spouse must be at least 62 years old.
Income Limit Increase: Raises the maximum household income for eligibility from $96,000 to $110,000.
Reduced Ownership Requirement: Lowers the minimum period a homeowner must have owned and occupied the property from five years to two years.
Lien and Mortgage Restrictions:
- The property must have no state or federal tax liens or judgment liens.
- Mortgages or other liens must not secure future advances unless they comply with credit limits.
- The total unpaid debts (including mortgages, liens, delinquent taxes, penalties, and interest) must not exceed 75% of the property’s assessed market value.

These amendments aim to increase access to the program by broadening eligibility criteria while maintaining financial safeguards.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
March 09, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes
March 09, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes
March 11, 2025	House	Floor	Action	Author added
March 11, 2025	House	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill modifies the qualifications for the senior citizens property tax deferral program under section 290B.03.",
      "modified": [
        "Changes in age and income qualifications for participants."
      ]
    },
    "citation": "290B.03",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Amendments to procedural requirements for application submissions within section 290B.04.",
      "modified": [
        "Alterations to submission deadlines and document requirements for tax deferral applications."
      ]
    },
    "citation": "290B.04",
    "subdivision": "subdivisions 3, 4"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Calculated changes in benefits under the property tax deferral program as outlined in section 290B.05.",
      "modified": [
        "Adjustment in the calculation method of deferral benefit amounts."
      ]
    },
    "citation": "290B.05",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Referenced for the definition of total household income relevant to 290B.03.",
      "modified": [
        "Utilized for income verification processes."
      ]
    },
    "citation": "290A.03",
    "subdivision": "subdivision 5"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Referenced for the definition of residential PACE lien in relation to section 290B.03 qualifications.",
      "modified": [
        "Clarifies terms for excluding certain debts from lien calculations."
      ]
    },
    "citation": "216C.435",
    "subdivision": "subdivision 10d"
  }
]