Minnesota HF195 removes classification rate and establishes property tax exemption for certain property owned and operated by congressionally.

Minnesota HF195 amends the state's tax code to exempt property owned and operated by congressionally chartered veterans service organizations from classification rates and property taxes. The bill specifies that such properties are exempt, and the commissioner of veterans affairs must annually provide a list of these organizations to the commissioner of revenue. The exemption applies to properties used for residential occupancy by the owner, which must be classified as class 1a property.

Minnesota HF195 removes classification rate and establishes property tax exemption for certain property owned and operated by congressionally.

Minnesota HF195 amends the state's tax code to exempt property owned and operated by congressionally chartered veterans service organizations from classification rates and property taxes. The bill specifies that such properties are exempt, and the commissioner of veterans affairs must annually provide a list of these organizations to the commissioner of revenue. The exemption applies to properties used for residential occupancy by the owner, which must be classified as class 1a property.