1.1 A bill for an act
1.2 relating to taxation; property tax refunds; reducing homestead credit refund co-pays;
1.3 amending Minnesota Statutes 2024, section 290A.04, subdivisions 2, 4.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2024, section 290A.04, subdivision 2, is amended to read:
1.6 Subd. 2.Homeowners; homestead credit refund.A claimant whose property taxes
1.7payable are in excess of the percentage of the household income stated below shall pay an
1.8amount equal to the percent of income shown for the appropriate household income level
1.9along with the percent to be paid by the claimant of the remaining amount of property taxes
1.10payable. The state refund equals the amount of property taxes payable that remain, up to
1.11the state refund amount shown below.
1.12 Maximum
State
Refund
1.13 Percent Paid by
ClaimantPercent of Income1.14 Household Income
3,310
3,500$
12 percent
7 percent1.0 percent
1.15 $0 to 2,079
1.16 $0 to 2,199
3,310
3,500$
12 percent
7 percent1.1 percent
1.17 2,080 to 4,139
1.18 2,200 to 4,379
3,310
3,500$
12 percent
7 percent1.2 percent
1.19 4,140 to 6,269
1.20 4,380 to 6,629
3,310
3,500$
17 percent
12 percent1.3 percent
1.21 6,270 to 8,369
1.22 6,630 to 8,849
3,310
3,500$
17 percent
12 percent1.4 percent
1.23 8,370 to 10,439
1.24 8,850 to 11,039
3,310
3,500$
17 percent
12 percent1.5 percent
1.25 10,440 to 14,619
1.26 11,040 to 15,449
1Section 1.
25-04761 as introduced03/07/25 REVISOR EAP/AC
SENATE
STATE OF MINNESOTA
S.F. No. 2766NINETY-FOURTH SESSION
(SENATE AUTHORS: HAUSCHILD)
OFFICIAL STATUSD-PGDATE
Introduction and first reading03/20/2025
Referred to Taxes 3,310
3,500$
17 percent
12 percent1.6 percent
2.1 14,620 to 16,689
2.2 15,450 to 17,639
3,310
3,500$
17 percent
12 percent1.7 percent
2.3 16,690 to 18,799
2.4 17,640 to 19,869
3,310
3,500$
17 percent
12 percent1.8 percent
2.5 18,800 to 20,879
2.6 19,870 to 22,069
3,310
3,500$
22 percent
17 percent1.9 percent
2.7 20,880 to 22,949
2.8 22,070 to 24,259
3,310
3,500$
22 percent
17 percent2.0 percent
2.9 22,950 to 29,239
2.10 24,260 to 30,909
3,310
3,500$
27 percent
22 percent2.0 percent
2.11 29,240 to 31,319
2.12 30,910 to 33,109
3,310
3,500$
27 percent
22 percent2.0 percent
2.13 31,320 to 35,509
2.14 33,110 to 37,539
3,310
3,500$
32 percent
27 percent2.0 percent
2.15 35,510 to 50,099
2.16 37,540 to 52,959
2,680
2,830$32 percent2.0 percent
2.17 50,100 to 73,059
2.18 52,960 to 77,229
2,350
2,480$37 percent2.0 percent
2.19 73,060 to 83,499
2.20 77,230 to 88,259
1,940
2,050$37 percent2.1 percent
2.21 83,500 to 93,939
2.22 88,260 to 99,299
1,740
1,840$37 percent2.2 percent
2.23 93,940 to 104,379
2.24 99,300 to 110,339
1,520
1,610$37 percent2.3 percent
2.25 104,380 to 114,819
2.26 110,340 to 121,369
1,280
1,350$42 percent2.4 percent
2.27 114,820 to 121,089
2.28 121,370 to 127,999
1,070
1,130$42 percent2.5 percent
2.29 121,090 to 125,289
2.30 128,000 to 132,439
870
920$47 percent2.5 percent
2.31 125,290 to 130,349
2.32 132,440 to 137,789
650
690$47 percent2.5 percent
2.33 130,350 to 135,409
2.34 137,790 to 143,139
2.35 The payment made to a claimant shall be the amount of the state refund calculated under
2.36this subdivision. No payment is allowed if the claimant's household income is $135,410
2.37$143,140 or more.
2.38 EFFECTIVE DATE.This section is effective beginning with refunds based on property
2.39taxes payable after December 31, 2025.
2Section 1.
25-04761 as introduced03/07/25 REVISOR EAP/AC 3.1 Sec. 2. Minnesota Statutes 2024, section 290A.04, subdivision 4, is amended to read:
3.2 Subd. 4.Inflation adjustment.The commissioner shall annually adjust the dollar
3.3amounts of the income thresholds and the maximum refunds under subdivision 2 as provided
3.4in section 270C.22. The statutory year is 2023 2025.
3.5 EFFECTIVE DATE.This section is effective beginning with refunds based on property
3.6taxes payable after December 31, 2026.
3Sec. 2.
25-04761 as introduced03/07/25 REVISOR EAP/AC