Minnesota 2025-2026 Regular Session

Minnesota House Bill HF2715 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to taxation; property tax refunds; reducing homestead credit refund co-pays;
3	3	1.3 amending Minnesota Statutes 2024, section 290A.04, subdivisions 2, 4.
4	4	1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
5	5	1.5 Section 1. Minnesota Statutes 2024, section 290A.04, subdivision 2, is amended to read:
6	6	1.6 Subd. 2.Homeowners; homestead credit refund.A claimant whose property taxes
7	7	1.7payable are in excess of the percentage of the household income stated below shall pay an
8	8	1.8amount equal to the percent of income shown for the appropriate household income level
9	9	1.9along with the percent to be paid by the claimant of the remaining amount of property taxes
10	10	1.10payable. The state refund equals the amount of property taxes payable that remain, up to
11	11	1.11the state refund amount shown below.
12	12	1.12 Maximum
13	13	State
14	14	Refund
15	15	1.13 Percent Paid by
16	16	ClaimantPercent of Income1.14 Household Income
17	17	3,310
18	18	3,500$
19	19	12 percent
20	20	10 percent1.0 percent
21	21	1.15 $0 to 2,079
22	22	1.16 $0 to 2,199
23	23	3,310
24	24	3,500$
25	25	12 percent
26	26	10 percent1.1 percent
27	27	1.17 2,080 to 4,139
28	28	1.18 2,200 to 4,379
29	29	3,310
30	30	3,500$
31	31	12 percent
32	32	10 percent1.2 percent
33	33	1.19 4,140 to 6,269
34	34	1.20 4,380 to 6,629
35	35	3,310
36	36	3,500$
37	37	17 percent
38	38	15 percent1.3 percent
39	39	1.21 6,270 to 8,369
40	40	1.22 6,630 to 8,849
41	41	3,310
42	42	3,500$
43	43	17 percent
44	44	15 percent1.4 percent
45	45	1.23 8,370 to 10,439
46	46	1.24 8,850 to 11,039
47	47	3,310
48	48	3,500$
49	49	17 percent
50	50	15 percent1.5 percent
51	51	1.25 10,440 to 14,619
52	52	1.26 11,040 to 15,449
53	53	1Section 1.
54	54	REVISOR EAP/DD 25-0476003/11/25
55	55	State of Minnesota
56	56	This Document can be made available
57	57	in alternative formats upon request
58	58	HOUSE OF REPRESENTATIVES
59	59	H. F. No. 2715
60	60	NINETY-FOURTH SESSION
61	61	Authored by Tabke03/24/2025
62	62	The bill was read for the first time and referred to the Committee on Taxes 3,310
63	63	3,500$
64	64	17 percent
65	65	15 percent1.6 percent
66	66	2.1 14,620 to 16,689
67	67	2.2 15,450 to 17,639
68	68	3,310
69	69	3,500$
70	70	17 percent
71	71	15 percent1.7 percent
72	72	2.3 16,690 to 18,799
73	73	2.4 17,640 to 19,869
74	74	3,310
75	75	3,500$
76	76	17 percent
77	77	15 percent1.8 percent
78	78	2.5 18,800 to 20,879
79	79	2.6 19,870 to 22,069
80	80	3,310
81	81	3,500$
82	82	22 percent
83	83	20 percent1.9 percent
84	84	2.7 20,880 to 22,949
85	85	2.8 22,070 to 24,259
86	86	3,310
87	87	3,500$
88	88	22 percent
89	89	20 percent2.0 percent
90	90	2.9 22,950 to 29,239
91	91	2.10 24,260 to 30,909
92	92	3,310
93	93	3,500$
94	94	27 percent
95	95	25 percent2.0 percent
96	96	2.11 29,240 to 31,319
97	97	2.12 30,910 to 33,109
98	98	3,310
99	99	3,500$
100	100	27 percent
101	101	25 percent2.0 percent
102	102	2.13 31,320 to 35,509
103	103	2.14 33,110 to 37,539
104	104	3,310
105	105	3,500$
106	106	32 percent
107	107	30 percent2.0 percent
108	108	2.15 35,510 to 50,099
109	109	2.16 37,540 to 52,959
110	110	2,680
111	111	2,830$
112	112	32 percent
113	113	30 percent2.0 percent
114	114	2.17 50,100 to 73,059
115	115	2.18 52,960 to 77,229
116	116	2,350
117	117	2,480$
118	118	37 percent
119	119	35 percent2.0 percent
120	120	2.19 73,060 to 83,499
121	121	2.20 77,230 to 88,259
122	122	1,940
123	123	2,050$
124	124	37 percent
125	125	35 percent2.1 percent
126	126	2.21 83,500 to 93,939
127	127	2.22 88,260 to 99,299
128	128	1,740
129	129	1,840$
130	130	37 percent
131	131	35 percent2.2 percent
132	132	2.23 93,940 to 104,379
133	133	2.24 99,300 to 110,339
134	134	1,520
135	135	1,610$
136	136	37 percent
137	137	35 percent2.3 percent
138	138	2.25 104,380 to 114,819
139	139	2.26 110,340 to 121,369
140	140	1,280
141	141	1,350$
142	142	42 percent
143	143	40 percent2.4 percent
144	144	2.27 114,820 to 121,089
145	145	2.28 121,370 to 127,999
146	146	1,070
147	147	1,130$
148	148	42 percent
149	149	40 percent2.5 percent
150	150	2.29 121,090 to 125,289
151	151	2.30 128,000 to 132,439
152	152	870
153	153	920$
154	154	47 percent
155	155	45 percent2.5 percent
156	156	2.31 125,290 to 130,349
157	157	2.32 132,440 to 137,789
158	158	650
159	159	690$
160	160	47 percent
161	161	45 percent2.5 percent
162	162	2.33 130,350 to 135,409
163	163	2.34 137,790 to 143,139
164	164	2.35 The payment made to a claimant shall be the amount of the state refund calculated under
165	165	2.36this subdivision. No payment is allowed if the claimant's household income is $135,410
166	166	2.37$143,140 or more.
167	167	2.38 EFFECTIVE DATE.This section is effective beginning with refunds based on property
168	168	2.39taxes payable after December 31, 2025.
169	169	2Section 1.
170	170	REVISOR EAP/DD 25-0476003/11/25 3.1 Sec. 2. Minnesota Statutes 2024, section 290A.04, subdivision 4, is amended to read:
171	171	3.2 Subd. 4.Inflation adjustment.The commissioner shall annually adjust the dollar
172	172	3.3amounts of the income thresholds and the maximum refunds under subdivision 2 as provided
173	173	3.4in section 270C.22. The statutory year is 2023 2025.
174	174	3.5 EFFECTIVE DATE.This section is effective beginning with refunds based on property
175	175	3.6taxes payable after December 31, 2026.
176	176	3Sec. 2.
177	177	REVISOR EAP/DD 25-0476003/11/25