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Lawmakers debate raising renter’s credit to match homestead refund; bill laid over
Summary
Representative Lee and housing advocates urged expansion of Minnesota’s renter’s credit (House File 2499) to increase income cutoffs and raise the maximum credit to parity with the homestead credit; committee laid the bill over for possible inclusion amid questions about rent pass-through and outreach to renters.
House File 2499, sponsored by Representative Lee, would increase the renter’s credit to align with the homestead property tax refund by (1) raising the income cutoff to match the homestead threshold and (2) increasing the maximum renter’s credit to $3,500 (from the current $2,640), producing nearly twice the household income cutoff and adding an estimated 80,000 additional renter households that would qualify, according…
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