Minnesota HF633 establishes a credit for licensed in-home child care providers, reducing their property tax liability.

Minnesota HF633 amends state statutes to establish a credit for licensed in-home child care providers. This credit reduces the property tax liability for eligible properties, which include those used to operate a family day care or group family day care program. The credit is equal to 50 percent of the net tax owed on the property after subtracting all other applicable credits. The bill also revises the computation of net property taxes to include this new credit and specifies the contents of property tax statements.

Minnesota HF633 establishes a credit for licensed in-home child care providers, reducing their property tax liability.

Minnesota HF633 amends state statutes to establish a credit for licensed in-home child care providers. This credit reduces the property tax liability for eligible properties, which include those used to operate a family day care or group family day care program. The credit is equal to 50 percent of the net tax owed on the property after subtracting all other applicable credits. The bill also revises the computation of net property taxes to include this new credit and specifies the contents of property tax statements.