Targeting property tax refund expanded for taxes payable in 2026.

This bill expands Minnesota's property tax refund program for taxes payable in 2026. It requires the refund calculation to use an eight percent threshold instead of the current twelve percent threshold, which would increase refund amounts for eligible property owners. The change applies only to property taxes due in 2026 and does not affect refunds for other tax years. The legislation is limited to a one-time expansion and does not create permanent changes to the refund system.