Loading chat...
MN HF3903
Bill
Status
3/2/2026
Primary Sponsor
Spencer Igo
Click for details
AI Summary
-
50% of Minnesota housing tax credits must be reserved annually for qualified projects located in Greater Minnesota (areas outside the metropolitan area), with unreserved credits becoming available for other projects after September 30 of each year
-
Adds statutory definitions for "Greater Minnesota" and "Metropolitan area" to the housing tax credit program
-
Maintains the existing $9,900,000 annual cap on total tax credits available to all eligible contributors
-
All provisions take effect for taxable years beginning after December 31, 2026
Legislative Description
Eligible recipients for the Minnesota housing tax credit contributions modified, and set-aside for credit allocations required.
Last Action
Introduction and first reading, referred to Housing Finance and Policy
3/2/2026