SF17

Minnesota SF17 increases the market value exclusion for veterans with disabilities and their caregivers.

Minnesota SF17 amends the state's property tax laws to increase the market value exclusion for veterans with disabilities and their primary family caregivers. The bill raises the exclusion amount for veterans with a disability rating of 70 percent or more from $150,000 to $165,000, and for those with a total and permanent disability from $300,000 to $330,000. It also extends the exclusion benefit to the surviving spouses of veterans who die from service-connected causes, provided the spouse continues to reside in the homestead.