Exemptions for institutions of public charity provisions modification

This bill modifies Minnesota's property tax exemption rules for charitable organizations. It updates the criteria institutions must meet to qualify for exemptions, including factors like whether services are provided at reduced cost and whether income benefits the public rather than private interests. The bill specifically clarifies that rental housing property only qualifies for exemption if it directly serves the organization's charitable purpose - not just by offering low-cost housing based on income. These changes apply to property taxes payable in 2025 and later, affecting nonprofit organizations seeking tax-exempt status under Minnesota Statutes 272.02.