Classification rate removed and property tax exemption established for certain property owned and operated by congressionally chartered veterans service organizations.

HF 195 exempts property owned and operated by congressionally chartered veterans service organizations from Minnesota property taxes. The bill removes the standard property tax classification rate for this specific property and establishes a direct tax exemption. It requires the commissioner of veterans affairs to annually provide a list of qualifying organizations to the commissioner of revenue by January 1. The exemption takes effect for property assessments beginning in 2026.