Exemption modification for certain property owned by an Indian tribe

This bill creates a property tax exemption for specific property owned by federally recognized Indian tribes in Minnesota. The exemption applies only to property used to store medical clinic equipment and materials, located in cities with populations between 12,400 and 12,800 based on the 2020 census. The law limits the exemption to one parcel per tribe and excludes any property used for housing, parking, agriculture, or forestry. The exemption becomes effective for property taxes payable in 2027.