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Senate Counsel, Research
and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 3205 - Modifying Requirements for Bed & Breakfast Property Tax Classification
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Author:
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Senator Mark W. Koran
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Prepared By:
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Eric S. Silvia, Senate Counsel (651/296-1771)
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Date:
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March 19, 2018
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SF 3205 modifies the requirements for the bed and breakfast property tax classification by allowing the owner to reside within two miles of the B&B property.
Under current law, a portion of the B&B property must be used by the owner for homestead purposes. The B&B classification is limited to five rental units, with the remaining units classified as commercial property. That portion of the property used for homestead purposes is classified as residential homestead.
Effective beginning with assessment year 2019.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 03/19/2018
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