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S.F. No. 568 - Tax Class Rate Reduction for Congressionally Chartered Veterans Organizations
Author: Senator Carla J. Nelson
Prepared By: Priyanka Premo, Senate Counsel (651/296-3914)
Date: March 1, 2017


Section 1 provides a class rate reduction from 1.5% to 1.0% for property of non-profit community service organizations that are owned or operated by congressionally chartered veterans’ organizations. The commissioner of veterans affairs must provide a list of congressionally chartered veterans organizations. The decreased rate will be effective for taxes assessed in 2017 and payable in 2018. 

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