Classification rate removal and property that exemption establishment for certain property owned and operated by congressionally chartered veterans service organizations

This bill exempts property owned and operated by congressionally chartered veterans service organizations from Minnesota's property tax classification rates. It establishes a specific tax exemption for qualifying property under existing law, removing the standard 1.25% classification rate applied to similar properties. The exemption requires the commissioner of veterans affairs to provide an annual list of eligible organizations to the commissioner of revenue by January 1. The change takes effect for property assessments beginning in 2026.