MN HF3

Establishes the PROMISE Act to address damage from May-June 2020 civil unrest by creating a community repair panel to award one-time disaster assistance payments to eligible persons (nonprofits, businesses with under 50 employees, property owners, and residents) in designated zones in Minneapolis and St. Paul.

Appropriates $125,000,000 for awards to eligible persons and $5,000,000 for administrative costs; panel must complete award determinations by March 1, 2021, and may make equity adjustments based on applicant circumstances.

Creates Metropolitan Area Redevelopment Corporation led by people of color and indigenous people to address adverse impacts of racial discrimination through grants to nonprofits for community redevelopment, with at least 15 percent of funds reserved for organizations with budgets under $500,000.

Imposes 0.125 percent sales and use tax in metropolitan counties (subject to reverse referendum), exempts certain repair materials and equipment from sales tax for damaged properties, and provides property tax abatement (50-100 percent) for properties damaged at least 25 percent in value.

Establishes Civil Unrest Investigatory Commission with ten neutral members appointed by chief justice to investigate and report on government responses to civil unrest by December 15, 2020; creates rental protections preventing rent increases for lease-receiving entities; authorizes cities to use eminent domain for redevelopment through December 31, 2022.