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SF 2056

Income definition modification for purposes of a property tax refund

2025-2026 Regular Session Introduced by Aric Putnam

SF 2056 redefines the income used for Minnesota's property tax refunds, changing eligibility and refund amounts.

Referred to Taxes
#taxation #taxation-property
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WeVote Research Nonpartisan
Bill Summary · SF 2056

SF 2056 — Income definition modification for purposes of a property tax refund

Overview

SF 2056 proposes to modify the definition of income used to determine eligibility for, and/or the amount of, Minnesota’s property tax refund. The exact changes to the income definition are not detailed in the information provided. The bill’s title indicates the focus is on how income is defined for the property tax refund program.

  • Introduced: March 3, 2025
  • Status: Referred to Taxes
  • Companion: HF 1643

What the bill would change

  • Primary aim: Change the statutory income definition applied to the property tax refund process.
  • Scope: While the summary does not specify the precise components or calculation method, the modification could involve which income sources are counted, how income is reported, or how income is measured for eligibility and/or refund calculation.
  • Note: The exact provisions, thresholds, inclusions/exclusions, and calculation methodology would be set forth in the full bill text.

Who would be affected

  • Primary groups: Minnesotans who qualify for the property tax refund (typically homeowners and renters with qualifying income levels).
  • Administrative impact: The Minnesota Department of Revenue or relevant tax administering agencies would implement and enforce the revised income definition, affecting filing, verification, and refund processing.

Procedural and timeline aspects

  • Introduction and first reading occurred on March 3, 2025.
  • The bill has been referred to the House and Senate tax-related committees (Senate: Taxes; House companion HF 1643).
  • Next steps would typically include committee hearings, potential amendments, and floor votes in both chambers, followed by conference if needed.

Potential impacts (overview)

  • Eligibility and refunds: Depending on how the income definition changes, the number of filers eligible for the property tax refund and the size of refunds could increase or decrease.
  • Administrative requirements: Agencies may need to adjust forms, guidance, and IT systems to reflect the new income definition.
  • Policy coordination: Changes could interact with other income-tested programs or tax credits, so fiscal and administrative analyses may be conducted.

Next steps for readers

  • Monitor SF 2056’s progression through the Taxes committees in both chambers.
  • Review the full bill text and fiscal notes when available to understand the exact changes to the income definition, affected income sources, thresholds, and refund calculations.
  • Consider reviewing HF 1643 (the companion bill) for parallel provisions and potential differences.

Compiled from official sources — confirm details with the bill’s official record.

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