HF2512

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. This aims to support these organizations by reducing their financial burdens related to property taxes.

Main Provisions

The bill amends Minnesota Statutes to create a new subdivision in Section 272.02 specifically for the property tax exemption for qualified veterans service organizations.
It specifies that properties owned and operated by these organizations under classification section 273.13, subdivision 25, paragraph d, clause 3, will be exempt from property taxes.
The Minnesota Commissioner of Veterans Affairs is tasked with providing a list of eligible congressionally chartered veterans service organizations to the Commissioner of Revenue annually by January 1. This list will determine which organizations qualify for the tax exemption.

Significant Changes to Existing Law

The addition of this subdivision to the Minnesota Statutes introduces a new tax exemption category specifically tailored for veterans service organizations that have congressional charters, thereby changing how property tax regulations are applied to these entities.

Relevant Terms

Property tax exemption
Veterans service organizations
Congressionally chartered
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": [
        "Establishes a property tax exemption for property owned by congressionally chartered veterans service organizations."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill references the classification criteria under section 273.13 for property tax exemption.",
      "modified": [
        ""
      ]
    },
    "citation": "273.13",
    "subdivision": "subdivision 25"
  }
]