Homestead credit refund co-pays reduced.

This bill reduces the percentage of property taxes homeowners must pay out-of-pocket before receiving their homestead credit refund. It amends Minnesota Statutes to lower the "co-pay" rate for qualifying homeowners based on household income (e.g., reducing the claimant's share from 1.5% to 1.0% in some income brackets). The change affects homeowners with property taxes exceeding income-based thresholds who claim the homestead credit. The state will cover a larger portion of the refund, with the maximum refund amount remaining unchanged at $3,500 for most income levels. The policy takes effect for refunds based on property taxes payable after December 31, 2025.