Establishes a property tax exemption for certain property owned by an Indian Tribe in Minnesota.

Minnesota HF1126 establishes a property tax exemption for certain property owned by a federally recognized Indian Tribe in the state. The exemption applies to property located in a city with a population greater than 400,000, owned by the tribe as of January 1, 2024, and used exclusively for tribal purposes or institutions of purely public charity. The exemption is limited to one parcel not exceeding 40,000 square feet and does not apply to property used for single-family housing, market-rate apartments, agriculture, or forestry. The exemption takes effect beginning with assessment year 2026.

Establishes a property tax exemption for certain property owned by an Indian Tribe in Minnesota.

Minnesota HF1126 establishes a property tax exemption for certain property owned by a federally recognized Indian Tribe in the state. The exemption applies to property located in a city with a population greater than 400,000, owned by the tribe as of January 1, 2024, and used exclusively for tribal purposes or institutions of purely public charity. The exemption is limited to one parcel not exceeding 40,000 square feet and does not apply to property used for single-family housing, market-rate apartments, agriculture, or forestry. The exemption takes effect beginning with assessment year 2026.