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Committee backs plan to raise disabled-veteran homestead exclusion; proponents say current caps lag inflation
Summary
The House Veterans and Military Affairs Division recommended re-referral of House File 194 to the taxes committee after testimony from veterans and service organizations urging increases to the disabled-veteran homestead property exclusion, citing unchanged caps since 2008.
Saint Paul — The House Veterans and Military Affairs Division on Feb. 12 recommended that House File 194, a bill to increase valuation caps in Minnesota’s disabled-veteran homestead property tax exclusion, be sent to the taxes committee following testimony from veterans and advocates.
Lede: Representative John Knudson, sponsor of HF194, said the bill would raise the exclusion amounts for qualifying disabled veterans, describing the change as necessary because the current $300,000 and $150,000 caps have not been updated since 2008.
Nut graf: Supporters told the committee that rising home values and stagnant statutory exclusion caps have reduced the benefit’s real value to veterans and surviving spouses, sometimes leaving low-income households at risk of losing homes when benefits and VA payments decline.
Key points - Current program: HF194…
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