Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF2766 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	7 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	7 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	7 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	12 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	12 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	12 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	25-04761 as introduced03/07/25 REVISOR EAP/AC
55	55	SENATE
56	56	STATE OF MINNESOTA
57	57	S.F. No. 2766NINETY-FOURTH SESSION
58	58	(SENATE AUTHORS: HAUSCHILD)
59	59	OFFICIAL STATUSD-PGDATE
60	60	Introduction and first reading03/20/2025
61	61	Referred to Taxes 3,310
62	62	3,500$
63	63	17 percent
64	64	12 percent1.6 percent
65	65	2.1 14,620 to 16,689
66	66	2.2 15,450 to 17,639
67	67	3,310
68	68	3,500$
69	69	17 percent
70	70	12 percent1.7 percent
71	71	2.3 16,690 to 18,799
72	72	2.4 17,640 to 19,869
73	73	3,310
74	74	3,500$
75	75	17 percent
76	76	12 percent1.8 percent
77	77	2.5 18,800 to 20,879
78	78	2.6 19,870 to 22,069
79	79	3,310
80	80	3,500$
81	81	22 percent
82	82	17 percent1.9 percent
83	83	2.7 20,880 to 22,949
84	84	2.8 22,070 to 24,259
85	85	3,310
86	86	3,500$
87	87	22 percent
88	88	17 percent2.0 percent
89	89	2.9 22,950 to 29,239
90	90	2.10 24,260 to 30,909
91	91	3,310
92	92	3,500$
93	93	27 percent
94	94	22 percent2.0 percent
95	95	2.11 29,240 to 31,319
96	96	2.12 30,910 to 33,109
97	97	3,310
98	98	3,500$
99	99	27 percent
100	100	22 percent2.0 percent
101	101	2.13 31,320 to 35,509
102	102	2.14 33,110 to 37,539
103	103	3,310
104	104	3,500$
105	105	32 percent
106	106	27 percent2.0 percent
107	107	2.15 35,510 to 50,099
108	108	2.16 37,540 to 52,959
109	109	2,680
110	110	2,830$32 percent2.0 percent
111	111	2.17 50,100 to 73,059
112	112	2.18 52,960 to 77,229
113	113	2,350
114	114	2,480$37 percent2.0 percent
115	115	2.19 73,060 to 83,499
116	116	2.20 77,230 to 88,259
117	117	1,940
118	118	2,050$37 percent2.1 percent
119	119	2.21 83,500 to 93,939
120	120	2.22 88,260 to 99,299
121	121	1,740
122	122	1,840$37 percent2.2 percent
123	123	2.23 93,940 to 104,379
124	124	2.24 99,300 to 110,339
125	125	1,520
126	126	1,610$37 percent2.3 percent
127	127	2.25 104,380 to 114,819
128	128	2.26 110,340 to 121,369
129	129	1,280
130	130	1,350$42 percent2.4 percent
131	131	2.27 114,820 to 121,089
132	132	2.28 121,370 to 127,999
133	133	1,070
134	134	1,130$42 percent2.5 percent
135	135	2.29 121,090 to 125,289
136	136	2.30 128,000 to 132,439
137	137	870
138	138	920$47 percent2.5 percent
139	139	2.31 125,290 to 130,349
140	140	2.32 132,440 to 137,789
141	141	650
142	142	690$47 percent2.5 percent
143	143	2.33 130,350 to 135,409
144	144	2.34 137,790 to 143,139
145	145	2.35 The payment made to a claimant shall be the amount of the state refund calculated under
146	146	2.36this subdivision. No payment is allowed if the claimant's household income is $135,410
147	147	2.37$143,140 or more.
148	148	2.38 EFFECTIVE DATE.This section is effective beginning with refunds based on property
149	149	2.39taxes payable after December 31, 2025.
150	150	2Section 1.
151	151	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:
152	152	3.2 Subd. 4.Inflation adjustment.The commissioner shall annually adjust the dollar
153	153	3.3amounts of the income thresholds and the maximum refunds under subdivision 2 as provided
154	154	3.4in section 270C.22. The statutory year is 2023 2025.
155	155	3.5 EFFECTIVE DATE.This section is effective beginning with refunds based on property
156	156	3.6taxes payable after December 31, 2026.
157	157	3Sec. 2.
158	158	25-04761 as introduced03/07/25 REVISOR EAP/AC