MN SF4043

Requires 50% of Minnesota housing tax credits ($9.9 million annual cap) to be reserved for qualified projects located in Greater Minnesota (outside the metropolitan area)

Unreserved Greater Minnesota credits become available for other qualified projects beginning October 1 of each year

Adds new statutory definitions for "Greater Minnesota" and "Metropolitan area" to clarify geographic eligibility requirements

Maintains existing restrictions preventing taxpayers from contributing to projects where they or related parties would receive grants or loans

Effective for taxable years beginning after December 31, 2026