Loading chat...

MN HF4234

Bill

Official Source

Status

Introduced

3/12/2026

Primary Sponsor

Kari Rehrauer

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Reduces the aggregate bond limitation for private activity bonds allocated to qualifying residential rental projects from the current "up to 55 percent" standard to a new two-tier formula
  • Sets the new bond limitation at the greater of: (1) 30 percent of the project's reasonably expected aggregate basis including land, or (2) the maximum supportable permanent amortizing debt
  • Caps the maximum supportable debt option at 40 percent of the project's reasonably expected aggregate basis including land
  • Amends Minnesota Statutes 2024, section 474A.02, subdivision 1a
  • Effective date: January 1, 2027

Legislative Description

Aggregate bond limitation applicable to the allocation of private activity bonds for qualifying residential rental projects reduced.

Last Action

Introduction and first reading, referred to Taxes

3/12/2026

Committee Referrals

Taxes3/12/2026

Full Bill Text

No bill text available