Minnesota 2023-2024 Regular Session

Minnesota Senate Bill SF4812

Introduced
3/11/24  

Caption

Exemption provision for certain property owned or leased by congressionally chartered veterans organizations

Impact

If enacted, SF4812 would amend existing statutes surrounding property taxation and specifically impact how properties associated with veterans organizations are assessed. The proposed changes will allow these organizations to exempt certain real properties from taxation, potentially alleviating financial burdens on the organizations while promoting their community service functions. This initiative could encourage more community engagement and usage of such properties for public events without the overhead of property taxes.

Summary

SF4812 is a legislative proposal in Minnesota aimed at providing tax exemptions for properties owned or leased by congressionally chartered veterans organizations. Specifically, the bill defines eligible properties and outlines criteria under which these organizations can benefit from property tax exemptions. The legislation suggests that property must be used for community service-oriented purposes and not for residential activities to qualify for this exemption.

Contention

The bill's passage could face scrutiny concerning potential financial implications for local governments that rely on property taxes for funding. Critics might argue that the exemption could lead to decreased revenue for essential services. Additionally, there may be concerns about the criteria for qualifying properties, where the definitions and regulations might cause ambiguity or lead to disputes regarding what constitutes a 'community service-oriented organization'. Stakeholders may also debate the fairness of such exemptions in light of fiscal equity.

Companion Bills

MN HF4760

Similar To Property taxation; property owned or leased by congressionally chartered veterans organizations provided an exemption.

Previously Filed As

MN HF4760

Property taxation; property owned or leased by congressionally chartered veterans organizations provided an exemption.

MN SF891

Property owned or leased by a congressionally chartered veterans organization property tax exemption authorization

MN HF619

Congressionally chartered veterans organizations provided an exemption for owned property.

MN SF3953

Land owned by congressionally chartered veterans service organizations property tax exemption; special classification for land owned by congressionally chartered veterans service organizations removal

MN HF4038

Property tax exemption provided for land owned by congressionally chartered veterans service organizations, special classification removed for land owned by congressionally chartered veterans service organizations.

MN HF2512

Property tax exemption established for certain property owned and operated by a congressionally chartered veterans service organization.

MN HF5425

Property tax exemption established for property owned and operated by congressionally chartered veterans service organizations.

MN SF255

Property tax exemption establishment for certain property owned and operated by a congressionally chartered veterans service organization

MN SF121

Property tax exemption establishment for certain property owned and operated by a congressionally chartered veterans service organization

MN HF446

Property tax provisions modified, and property tax exemption established for property owned and operated by a congressionally chartered veterans service organization.

Similar Bills

MN SF4701

Property tax classification consolidation

MN HF4481

Property tax classifications consolidated, classification rates modified, definition of referendum market value modified, state general levy on seasonal residential recreational property eliminated, and other property tax provisions modified.

MN HF307

Property tax provisions modified, and classification of community land trust property modified.

MN SF696

Classification of community land trust property modification

MN SF1656

Classification rate removal and property tax exemption establishment for certain property owned and operated by congressionally chartered veterans service organizations

MN SF5486

Congressionally chartered veterans service organization owned property tax exemption establishment

MN HF5425

Property tax exemption established for property owned and operated by congressionally chartered veterans service organizations.

MN HF182

Coon Rapids; marked Trunk Highway 610 and East River Road interchange project funding provided, bonds issued, and money appropriated.