Property tax refunds and renters credits increased by reducing co-pay percentages.

This bill increases property tax refunds and renters credits for Minnesota residents by adjusting the income thresholds and payment percentages used to calculate these benefits. It directly affects renters and homeowners who pay property taxes through their rent, particularly those with lower to middle incomes. The key change involves raising the household income limits for eligibility and reducing the percentage of rent that claimants must pay before receiving credits, which results in higher refund amounts for more people. These adjustments are made to Minnesota Statutes 290.0693 and 290A.04 to update the financial parameters for the existing tax relief program.