Minnesota HF403 establishes a senior property tax credit for eligible homeowners.

Minnesota HF403 establishes a senior property tax credit for eligible homeowners. To qualify, the property must be classified as a homestead, owned and occupied by a person aged 65 or older, and meet other specific criteria. The credit amount is determined by the difference between the current year's tax due and the previous year's tax due, subject to certain limitations. The bill also includes provisions for the certification and payment of these credits, with appropriations made from the state's general fund to relevant departments.

Minnesota HF403 establishes a senior property tax credit for eligible homeowners.

Minnesota HF403 establishes a senior property tax credit for eligible homeowners. To qualify, the property must be classified as a homestead, owned and occupied by a person aged 65 or older, and meet other specific criteria. The credit amount is determined by the difference between the current year's tax due and the previous year's tax due, subject to certain limitations. The bill also includes provisions for the certification and payment of these credits, with appropriations made from the state's general fund to relevant departments.