Property tax; state general levy for commercial-industrial property reduced.

This bill reduces the state general levy for commercial-industrial property in Minnesota from $716,990,000 to $684,990,000 for taxes payable in 2026 and later. It directly affects businesses owning commercial or industrial property by lowering the state tax amount they pay. The change amends Minnesota Statutes to adjust this specific tax levy amount, effective starting with 2026 property tax payments. The bill does not alter local taxes or the tax base calculation process.