Homestead credit refund co-pays reduced.

HF 2475 reduces the percentage Minnesota homeowners must pay toward their homestead credit property tax refunds. The bill amends Minnesota Statutes section 290A.04 by lowering the "co-pay" rate for qualifying homeowners, decreasing the claimant's required payment from 12% to as low as 1.0% of property taxes for the lowest income brackets. This change directly affects homeowners with household incomes up to $135,409 who claim the homestead credit, increasing their state refund amount by reducing their out-of-pocket share. The state refund maximum remains $3,500 for most income levels, but the reduced co-pay means homeowners retain more of their property tax refund.