Minnesota HF299 removes classification rate and establishes property tax exemption for property owned and operated by congressionally chartered.

Minnesota HF299 amends the state's property tax laws 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 removes their classification rates. The commissioner of veterans affairs must provide a list of these organizations to the commissioner of revenue. The bill is effective beginning with assessment year 2025.

Minnesota HF299 removes classification rate and establishes property tax exemption for property owned and operated by congressionally chartered.

Minnesota HF299 amends the state's property tax laws 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 removes their classification rates. The commissioner of veterans affairs must provide a list of these organizations to the commissioner of revenue. The bill is effective beginning with assessment year 2025.