Income and property tax refunds; homestead credit refund co-pays reduced, commissioner of revenue authorized to implement a tax compliance program, and money appropriated.

This bill modifies Minnesota's homestead credit refund system by reducing the portion of the refund that homeowners must pay back, known as the co-pay. Under the new rules, the state will increase the maximum refund amount for various income levels while simultaneously lowering the percentage of income that claimants must contribute toward their property taxes. Additionally, the legislation authorizes the Commissioner of Revenue to create a tax compliance program and includes an appropriation of funds to support these changes. These adjustments directly affect Minnesota homeowners who rely on the homestead credit to offset their property tax bills.