SF 4725
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/24/2026 10:56 a.m.
KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to taxation; property tax refunds; expanding the targeting property tax
refund for taxes payable in 2026.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin ONETIME EXPANSION OF TARGETING PROPERTY TAX REFUND
FOR PROPERTY TAXES PAYABLE IN 2026.
new text end
new text begin
Notwithstanding any law to the contrary, for refunds based on property taxes payable
in 2026, the refund calculated under Minnesota Statutes, section 290A.04, subdivision 2h,
must be calculated by substituting eight percent for 12 percent.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for refunds based on property taxes
payable in 2026 only.
new text end