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Senate Counsel, Research
and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 3261 - Disabled veterans homestead exclusion modifications (as proposed to be amended by the A-2)
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Author:
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Senator Bruce D. Anderson
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Prepared By:
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Eric S. Silvia, Senate Counsel (651/296-1771)
Priyanka Premo, Senate Counsel (651/296-3914)
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Date:
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April 25, 2018
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S.F. 3261 makes the following changes to the disabled veterans homestead exclusion:
- Allows a spouse to carry over the benefit for a new property, provided that the new property is less than or equal to the estimated market value of the property that was first subject to the exclusion.
- Removes the exclusion on properties that are sold to non-qualifying owners, so that the new owners will not receive the benefit in the following taxes payable year.
- Changes the application deadline date from July 1 to December 15.
This bill also authorizes the county assessor and county veterns service officer to share and disclose information necessary to determine a client's eligibility for the exclusion.
Effective date. Effective for taxes payable beginning in 2018.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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Last review or update: 04/25/2018
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