Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
Director
   Senate   
State of Minnesota
 
 
 
 
 
S.F. No. 861 - Disabled Veterans Homestead Exclusion
 
Author: Senator Jerry Newton
 
Prepared By: Priyanka Premo, Senate Counsel (651/296-3914)
 
Date: March 8, 2017



 

S.F. 861 expands eligibility to allow a veteran with a 100 percent and temporary disability to qualify for the maximum benefit under the disabled veterans homestead exclusion. Under current law, to qualify for the maximum benefit, a veteran must have a 100 percent and permanent disability.

In addition, this bill increases the maximum benefit from $300,000 of excluded market value to $400,000.

As amended, S.F. 861 would allow the exclusion to carry over to the surviving spouse of a 100 percent and temporary disabled veteran and would eliminate the annual application requirement for that exclusion.

Effective date. This bill is effective for taxes payable beginning in 2018.

 
Check on the status of this bill
 
Back to Senate Counsel and Research Bill Summaries page
 

 
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
 
Last review or update: 03/08/2017
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn