Minnesota SF891 proposes a property tax exemption for certain properties owned or leased by congressionally chartered veterans organizations.

Minnesota SF891 amends state statutes to provide a property tax exemption for real property owned or leased by congressionally chartered veterans organizations. The exemption applies to properties used for non-residential purposes, provided the organization is also a nonprofit community service-oriented organization. The property must not be used for residential purposes, and it cannot be used for revenue-producing activities for more than six days in a year.

Minnesota SF891 proposes a property tax exemption for certain properties owned or leased by congressionally chartered veterans organizations.

Minnesota SF891 amends state statutes to provide a property tax exemption for real property owned or leased by congressionally chartered veterans organizations. The exemption applies to properties used for non-residential purposes, provided the organization is also a nonprofit community service-oriented organization. The property must not be used for residential purposes, and it cannot be used for revenue-producing activities for more than six days in a year.