Special property tax refund threshold lowering and maximum refund increase, excise tax on certain social media platform businesses establishment, onetime public safety aid for local and tribal governments establishment and appropriation

This bill makes three key changes: (1) It lowers the property tax increase threshold for homeowners from 12% to 8% to qualify for a refund and raises the maximum refund from $1,000 to $1,500, effective for 2026 claims; (2) It creates a new monthly tax on social media companies collecting data from Minnesota users, with rates starting at $0.10 per user for 100,001-500,000 users and increasing to $0.50 per user for over 1 million users; (3) It establishes one-time public safety funding for local and tribal governments, requiring a report on the allocation of these funds. The changes directly affect Minnesota homeowners, social media businesses with significant Minnesota user bases, and local government entities.