Data protection requirements modification in certain property tax proceedings

This bill modifies data protection rules for income property tax information in Minnesota. It requires that detailed financial data about rental properties (like rent figures, vacancy rates, and lease details) classified as private under existing law must be shared during tax disputes, with strict safeguards. The bill mandates protective court orders to prevent misuse or public disclosure of this data during Tax Court proceedings. It directly affects property owners (who provide the data), tax courts, and assessors (who collect and handle the information). The key change allows this data to be used in legal challenges to property valuations without being blocked solely due to its private classification.