Senator Clausen’s Veteran’s Tax Bill Heard in Senate
St. Paul, Minn. – Today, Senator Greg Clausen (DFL – Apple Valley) testified in front of the Senate Committee on Veterans and Military Affairs in support of his bill, Senate File 71, to increase homestead tax exclusions for disabled veterans. Under current law, the amount of the exclusion is $300,000 for a total and permanent disability and $150,000 for a disability rating of 70 percent or more. This bill establishes a sliding-scale formula so the amount of the exclusion is $300,000 times a veteran’s disability rating percentage of 70 percent or more. As such, veterans with disability ratings of 70, 80, or 90 percent would see increases in their exclusion values. The bipartisan bill was passed unanimously to be considered in the Senate Committee on Taxes.
“I am pleased to be given the opportunity to present this important bill,” said Sen. Clausen. “I have always made it a priority to represent those who have served our country in the armed forces at the capitol. This small change would make a big difference for disabled veterans with a homestead. By increasing the exclusion, our veterans will be able to stay in their homes and have additional funds. I applaud the Chair of the Senate Committee on Veterans and Military Affairs, Senator Bruce Anderson, for co-authoring the proposal and helping to move this bipartisan legislation one step closer to law.”
This session, Senator Clausen has also introduced bills expanding the exemption from the motor vehicle registration tax for additional Minnesota veterans (SF 75), expanding the past military service tax credit to lower-income disabled Minnesota veterans (SF 76), and providing for a new WWI memorial plaque to commemorate all Minnesota veterans who served at home and abroad during the Great War (SF 106). Today, he also introduced SF 589, which designates the Coates Highway 52 bridge as the Corporal Benjamin S. Kopp Bridge. Corporal Kopp was killed while serving in Afghanistan and was a former student of Senator Clausen when he served as Principal of Rosemount High School.