Congressionally chartered veterans service organizations; classification rate removed and property tax exemption established for owned property.

HF 299 creates a property tax exemption for real estate owned and operated by congressionally chartered veterans service organizations in Minnesota. The bill removes a specific property tax classification rate for this property and establishes a direct exemption, meaning these organizations will no longer pay property taxes on qualifying owned properties. This exemption applies starting with the 2025 property tax assessment year, requiring organizations to file an application with their county assessor by August 1, 2025. The law directly affects eligible veterans service organizations by reducing their property tax burden on owned properties used for their operations.