SF2178
Refundable construction exemption provision for construction of new multifamily residential housing for first-time homebuyers
Legislative Session 94 (2025-2026)
Related bill: HF178
AI Generated Summary
This bill (S.F. No. 2178) proposes a refundable sales tax exemption for construction materials used in building new multifamily residential housing for first-time homebuyers in Minnesota. Specifically, it applies to duplexes and triplexes where the first-time homebuyer owns and occupies at least one unit. The exemption covers taxes paid on the first $460,000 of construction costs.
The tax on these purchases would still be collected at the standard rate but later refunded. This exemption is set to expire on July 1, 2033.
The bill amends Minnesota Statutes 2024, section 297A.71, by adding a new subdivision and modifying section 297A.75 regarding tax refunds.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 06, 2025 | Senate | Action | Introduction and first reading | ||
| March 06, 2025 | Senate | Action | Referred to | Taxes | |
| Showing the 5 most recent stages. This bill has 2 stages in total. Log in to view all stages | |||||
Progress through the legislative process
In Committee
Sponsors
You must be logged in to view sponsors.