Minnesota HF4487 provides a onetime property tax refund or credit for eligible property taxes payable in 2026, with $4 billion appropriated for this.

Minnesota HF4487 establishes a onetime property tax refund or credit for eligible property taxes payable in 2026. The bill defines "eligible local property taxes" as those payable in 2026 on specified categories of property. It appropriates $4 billion in fiscal year 2027 from the general fund to the commissioner of revenue for these refunds. If any funds remain unutilized by October 1, 2026, they may be used for property tax credit corrections.

Minnesota HF4487 provides a onetime property tax refund or credit for eligible property taxes payable in 2026, with $4 billion appropriated for this.

Minnesota HF4487 establishes a onetime property tax refund or credit for eligible property taxes payable in 2026. The bill defines "eligible local property taxes" as those payable in 2026 on specified categories of property. It appropriates $4 billion in fiscal year 2027 from the general fund to the commissioner of revenue for these refunds. If any funds remain unutilized by October 1, 2026, they may be used for property tax credit corrections.