HF2512 (Legislative Session 94 (2025-2026))
Property tax exemption established for certain property owned and operated by a congressionally chartered veterans service organization.
Related bill: SF255
AI Generated Summary
Purpose of the Bill
The purpose of this bill is to establish a property tax exemption for certain properties owned and operated by congressionally chartered veterans service organizations in Minnesota. This aims to provide financial relief to these organizations, acknowledging their contributions and services.
Main Provisions
- Tax Exemption: The bill proposes a new property tax exemption that applies to properties classified under Minnesota Statutes section 273.13, subdivision 25, specifically those owned and operated by congressionally chartered veterans service organizations.
- Annual List: The Commissioner of Veterans Affairs is tasked with providing an annual list of these organizations to the Commissioner of Revenue by January 1 each year, ensuring that eligible organizations are recognized and benefit from the exemption.
Significant Changes to Existing Law
- The bill amends Minnesota Statutes 2024, section 272.02, by adding a new subdivision specifically detailing the tax exemption for congressionally chartered veterans service organizations.
- By introducing this exemption, the bill changes existing tax laws to favor these organizations, which were not previously given such an exemption under current statutes.
Relevant Terms
- Property Tax Exemption
- Congressionally Chartered Veterans Service Organizations
- Commissioner of Veterans Affairs
- Commissioner of Revenue
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 16, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"A provision for tax exemption for properties owned by congressionally chartered veterans service organizations."
],
"removed": [
""
],
"summary": "The bill modifies the property classification and exemptions concerning veterans service organizations under section 273.13.",
"modified": [
""
]
},
"citation": "273.13",
"subdivision": "subdivision 25"
}
]