Minnesota HF410 proposes a payment to homestead owners based on the November forecast.

Minnesota HF410 amends the state's taxation laws to provide payments to owners of homesteads based on the November forecast. If a positive unrestricted budgetary general fund balance is expected, the commissioner of management and budget must allocate funds to various accounts and purposes. Homestead owners receive a surplus refund if the amount available under the November forecast exceeds $170 million. The refund amount is calculated by dividing the surplus by the total number of homesteads.

Minnesota HF410 proposes a payment to homestead owners based on the November forecast.

Minnesota HF410 amends the state's taxation laws to provide payments to owners of homesteads based on the November forecast. If a positive unrestricted budgetary general fund balance is expected, the commissioner of management and budget must allocate funds to various accounts and purposes. Homestead owners receive a surplus refund if the amount available under the November forecast exceeds $170 million. The refund amount is calculated by dividing the surplus by the total number of homesteads.