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A bill for an act
relating to taxation; property tax refund; increasing property tax refunds by reducing
co-pay percentages; amending Minnesota Statutes 2024, section 290A.04,
subdivisions 2, 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 290A.04, subdivision 2, is amended to read:
Subd. 2.
Homeowners; homestead credit refund.
A claimant whose property taxes
payable are in excess of the percentage of the household income stated below shall pay an
amount equal to the percent of income shown for the appropriate household income level
along with the percent to be paid by the claimant of the remaining amount of property taxes
payable. The state refund equals the amount of property taxes payable that remain, up to
the state refund amount shown below.
Household Income
Percent of Income
Percent Paid by
Claimant
Maximum
State
Refund
$0 to
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2,079
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2,239
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1.0 percent
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12
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six
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percent
$
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3,310
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3,560
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2,080 to 4,139
deleted text end
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2,240 to 4,459
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1.1 percent
12
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six
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percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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4,140 to 6,269
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4,460 to 6,749
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1.2 percent
deleted text begin
12
deleted text end
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six
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percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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6,270 to 8,369
deleted text end
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6,750 to 9,009
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1.3 percent
deleted text begin
17
deleted text end
new text begin
11
new text end
percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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8,370 to 10,439
deleted text end
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9,010 to 11,239
new text end
1.4 percent
deleted text begin
17
deleted text end
new text begin
11
new text end
percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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10,440 to 14,619
deleted text end
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11,240 to 15,739
new text end
1.5 percent
deleted text begin
17
deleted text end
new text begin
11
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percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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14,620 to 16,689
deleted text end
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15,740 to 17,959
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1.6 percent
deleted text begin
17
deleted text end
new text begin
11
new text end
percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
deleted text begin
16,690 to 18,799
deleted text end
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17,960 to 20,229
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1.7 percent
deleted text begin
17
deleted text end
new text begin
11
new text end
percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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18,800 to 20,879
deleted text end
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20,230 to 22,469
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1.8 percent
deleted text begin
17
deleted text end
new text begin
11
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percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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20,880 to 22,949
deleted text end
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22,470 to 24,699
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1.9 percent
deleted text begin
22
deleted text end
new text begin
11
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percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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22,950 to 29,239
deleted text end
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24,700 to 31,469
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2.0 percent
deleted text begin
22
deleted text end
new text begin
16
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percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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29,240 to 31,319
deleted text end
new text begin
31,470 to 33,709
new text end
2.0 percent
deleted text begin
27
deleted text end
new text begin
21
new text end
percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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31,320 to 35,509
deleted text end
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33,710 to 38,219
new text end
2.0 percent
deleted text begin
27
deleted text end
new text begin
21
new text end
percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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35,510 to 50,099
deleted text end
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38,220 to 53,919
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2.0 percent
deleted text begin
32
deleted text end
new text begin
26
new text end
percent
$
deleted text begin
3,310
deleted text end
new text begin
3,560
new text end
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50,100 to 73,059
deleted text end
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53,920 to 78,629
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2.0 percent
deleted text begin
32
deleted text end
new text begin
26
new text end
percent
$
deleted text begin
2,680
deleted text end
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2,880
new text end
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73,060 to 83,499
deleted text end
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78,630 to 89,869
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2.0 percent
deleted text begin
37
deleted text end
new text begin
31
new text end
percent
$
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2,350
deleted text end
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2,530
new text end
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83,500 to 93,939
deleted text end
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89,870 to 101,109
new text end
2.1 percent
deleted text begin
37
deleted text end
new text begin
31
new text end
percent
$
deleted text begin
1,940
deleted text end
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2,090
new text end
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93,940 to 104,379
deleted text end
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101,110 to 112,339
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2.2 percent
deleted text begin
37
deleted text end
new text begin
31
new text end
percent
$
deleted text begin
1,740
deleted text end
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1,870
new text end
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104,380 to 114,819
deleted text end
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112,340 to 123,579
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2.3 percent
deleted text begin
37
deleted text end
new text begin
31
new text end
percent
$
deleted text begin
1,520
deleted text end
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1,640
new text end
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114,820 to 121,089
deleted text end
new text begin
123,580 to 130,329
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2.4 percent
deleted text begin
42
deleted text end
new text begin
36
new text end
percent
$
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1,280
deleted text end
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1,380
new text end
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121,090 to 125,289
deleted text end
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130,330 to 134,849
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2.5 percent
deleted text begin
42
deleted text end
new text begin
36
new text end
percent
$
deleted text begin
1,070
deleted text end
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1,150
new text end
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125,290 to 130,349
deleted text end
new text begin
134,850 to 140,289
new text end
2.5 percent
deleted text begin
47
deleted text end
new text begin
41
new text end
percent
$
deleted text begin
870
deleted text end
new text begin
940
new text end
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130,350 to 135,409
deleted text end
new text begin
140,290 to 145,739
new text end
2.5 percent
47
new text begin
41
new text end
percent
$
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650
deleted text end
new text begin
700
new text end
The payment made to a claimant shall be the amount of the state refund calculated under
this subdivision. No payment is allowed if the claimant's household income is
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$135,410
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$145,740
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or more.
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EFFECTIVE DATE.
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This section is effective for claims based on property taxes payable
in 2027.
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Sec. 2.
Minnesota Statutes 2024, section 290A.04, subdivision 4, is amended to read:
Subd. 4.
Inflation adjustment.
The commissioner shall annually adjust the dollar
amounts of the income thresholds and the maximum refunds under subdivision 2 as provided
in section
270C.22
. The statutory year is
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2023
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2026
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.
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EFFECTIVE DATE.
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This section is effective for claims based on property taxes payable
in 2027.
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