Senior citizens' property tax deferral program modification

This bill raises the income limit for Minnesota's Senior Citizens' Property Tax Deferral Program from $96,000 to $110,000 annually for initial eligibility. It requires homeowners whose income exceeds $110,000 to submit written income certification by July 1 each year, and allows them to resume program benefits if their income later drops to $110,000 or below. The program continues to require applicants to be 65+ (or 62+ for spouses), own their home as a primary residence for at least two years, and meet lien and market value limits. These changes apply to tax deferrals for 2026 and later years. The bill modifies existing income thresholds and certification processes without altering the deferral amount calculation.