Minnesota committee lays over bill to raise renter—s tax credit to match homestead refund

Representative Lee moved that House File 2,499 be laid over for possible inclusion in the 2025 omnibus tax bill, and the motion was laid over.

House File 2,499 would raise the renter—s credit to parity with Minnesota—s homestead (homeowner) property tax refund by increasing the income cutoff from $75,389 to $143,140 and by raising the maximum credit from $2,640 to $3,500. Representative Lee opened the committee discussion and said the bill is intended to address an inequity between how property tax refunds are provided to homeowners and renters.

The bill drew testimony from policy groups and tenant advocates who described the renter—s credit as a targeted tool for low-income households. Nan Madin, director of the Minnesota Budget Project, explained how the renter—s credit is calculated and said that, for the program—s purposes, 17% of a renter—s rent is treated as…