Minnesota SF4725 expands the targeting property tax refund for taxes payable in 2026.

Minnesota SF4725 proposes a one-time expansion of the targeting property tax refund for property taxes payable in 2026. The bill modifies the calculation of the refund by substituting eight percent for 12 percent, as outlined in Minnesota Statutes, section 290A.04, subdivision 2h. This change applies exclusively to refunds based on property taxes payable in 2026.

Minnesota SF4725 expands the targeting property tax refund for taxes payable in 2026.

Minnesota SF4725 proposes a one-time expansion of the targeting property tax refund for property taxes payable in 2026. The bill modifies the calculation of the refund by substituting eight percent for 12 percent, as outlined in Minnesota Statutes, section 290A.04, subdivision 2h. This change applies exclusively to refunds based on property taxes payable in 2026.