Minnesota SF615 modifies property tax exclusions for veterans with disabilities, increasing the exclusion for totally and permanently disabled.

Minnesota SF615 amends the property tax exclusion for veterans with disabilities by increasing the exclusion amount for those with a total and permanent disability. The bill specifies that the taxable market value of a veteran's homestead is excluded if the veteran has a service-connected disability of 70 percent or more, with $300,000 to $400,000 of market value excluded for a total and permanent disability. The exclusion can carry over to the veteran's spouse if they hold the legal or beneficial title to the homestead and permanently reside there.

Minnesota SF615 modifies property tax exclusions for veterans with disabilities, increasing the exclusion for totally and permanently disabled.

Minnesota SF615 amends the property tax exclusion for veterans with disabilities by increasing the exclusion amount for those with a total and permanent disability. The bill specifies that the taxable market value of a veteran's homestead is excluded if the veteran has a service-connected disability of 70 percent or more, with $300,000 to $400,000 of market value excluded for a total and permanent disability. The exclusion can carry over to the veteran's spouse if they hold the legal or beneficial title to the homestead and permanently reside there.