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Bill to raise homestead tax exclusion for disabled veterans referred to taxes committee
Summary
House File 194, introduced in the House Veterans and Military Affairs Committee, would raise the homestead property valuation exclusions for disabled veterans and some surviving spouses; the committee voted to re-refer the bill to the Taxes Committee after testimony from veterans' advocates and county service officers.
House File 194, introduced during a hearing of the Minnesota House Veterans and Military Affairs Committee, would increase the homestead property valuation exclusions for disabled veterans and certain surviving spouses and was re-referred to the Taxes Committee after a committee voice vote.
Representative Knudson asked for the bill hearing and said the measure would increase the exclusion for veterans rated 100% disabled from $300,000 to $400,000 and increase the exclusion for veterans rated 70% disabled from $150,000 to $200,000. Representative Knudson said the exclusion amounts have not changed since the law was enacted in February 2008 and that inflation and rising home values have reduced the benefit’s purchasing power.
The bill drew supportive…
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