Onetime special property tax refund provided, and money appropriated.

This bill establishes a one-time special property tax refund for Minnesota property owners who paid taxes in 2026. It directly affects owners of specific property types, including residential homes, apartments, farms, and forests, by allowing them to apply for a share of a $4 billion fund. To receive money, owners must submit an application to the Department of Revenue between July 15 and September 15, 2026, and the refunds will be distributed by December 31, 2026. The legislation appropriates $4 billion from the state's general fund to finance these payments, with each eligible owner receiving a portion based on their individual tax contribution relative to the total taxes paid by all applicants.