Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
SF4216 • 2026
Certain tenants personal property taxation exemption provision
Certain tenants personal property taxation exemption provision
Housing
Passed Legislature
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Bill History
-
2026-03-09
House
Introduction and first reading
Official Summary Text
Certain tenants personal property taxation exemption provision
Current Bill Text
Read the full stored bill text
A bill for an act relating to taxation; exempting certain tenants from personal property taxation; amending Minnesota Statutes 2024, section 273.19, subdivision 1, by adding a subdivision. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 2024, section 273.19, subdivision 1, is amended to read: Subdivision 1. Tax-exempt property; lease. Except as provided in subdivision new text begin 1b, new text end 3 new text begin , new text end or 4, tax-exempt property held under a lease for a term of at least one year, and not taxable under section 272.01, subdivision 2 , or under a contract for the purchase thereof, shall be considered, for all purposes of taxation, as the property of the person holding it. In this subdivision, "tax-exempt property" means property owned by the United States, the state or any of its political subdivisions, a school, or any religious, scientific, or benevolent society or institution, incorporated or unincorporated, or any corporation whose property is not taxed in the same manner as other property. This subdivision does not apply to property exempt from taxation under section 272.01, subdivision 2 , paragraph (b), clauses (2), (3), and (4), or to property exempt from taxation under section 272.0213 . new text begin EFFECTIVE DATE. new text end new text begin This section is effective beginning with assessment year 2026 and thereafter. new text end Sec. 2. Minnesota Statutes 2024, section 273.19, is amended by adding a subdivision to read: new text begin Subd. 1b. new text end new text begin Lessees in affordable housing. new text end new text begin Property of an institution of purely public charity with a purpose of providing housing for low-income individuals, which qualifies for a property tax exemption, that is held under lease by a lessee, is not the property of the lessee for all purposes of taxation. new text end new text begin EFFECTIVE DATE. new text end new text begin This section is effective beginning with assessment year 2026 and thereafter. new text end