Minnesota SF3817 provides a property tax exemption for certain property owned by public safety officers and a subtraction for income earned by public.

Minnesota SF3817 amends state statutes to provide a property tax exemption for certain property owned by public safety officers who use it as their homestead. This exemption applies if the officer is employed or volunteers in the same city where the property is located. Additionally, the bill introduces a subtraction for income earned by public safety officers. These changes are effective starting with the assessment year 2027 for property tax exemptions and for taxable years beginning after December 31, 2025, for income subtractions.

Minnesota SF3817 provides a property tax exemption for certain property owned by public safety officers and a subtraction for income earned by public.

Minnesota SF3817 amends state statutes to provide a property tax exemption for certain property owned by public safety officers who use it as their homestead. This exemption applies if the officer is employed or volunteers in the same city where the property is located. Additionally, the bill introduces a subtraction for income earned by public safety officers. These changes are effective starting with the assessment year 2027 for property tax exemptions and for taxable years beginning after December 31, 2025, for income subtractions.