SF3589

SF3589 (Legislative Session 94 (2025-2026))

Hennepin County and Ramsey County deed and mortgage taxes expiration extension

Related bill: HF3420

AI Generated Summary

Purpose

Extend the expiration date for the authority to impose Hennepin County deed taxes and Ramsey County deed taxes, as well as the related mortgage taxes in those counties.

Main provisions

The bill amends Minnesota Statutes 2024, sections 383A.80 subd. 4 and 383B.80 subd. 4, to change the expiration language for the tax authority.
It specifies that the authority to impose these taxes expires on a future date (the exact year is not fully clear in the provided excerpt, but the text indicates a later expiration year).
The section labeled Sec. 2 includes references to the years 2028 and 2036, which appear to relate to the dates tied to the extension or its effective period.

Significant changes to existing law

Extends the period during which Hennepin County deed taxes, Ramsey County deed taxes, and their corresponding mortgage taxes can be imposed.
Maintains that the taxes are still local taxes tied to property transfers and mortgages in the two counties.
The specific new expiration date is set or referenced in the bill, replacing the previous expiration date.

What this means in plain terms

If passed, these counties would be allowed to continue collecting deed and mortgage taxes for a longer period, providing ongoing revenue tied to property transactions in those counties. There is no mention in the excerpt of changing tax rates or how the revenue is used.

Relevant Terms - Hennepin County - Ramsey County - deed tax - mortgage tax - expiration - authority to impose the tax - Minnesota Statutes 2024 - sections 383A.80 subd. 4 and 383B.80 subd. 4 - Subd. 4 - January 1 (year) - 2028 - 2036 - taxation - local government revenue - real estate transfer tax (synonym)

Bill text versions

Introduction PDF PDF file

Upcoming committee meetings

Taxes on: February 26, 2026 08:30

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 17, 2026	Senate		Action	Introduction and first reading
February 17, 2026	Senate		Action	Referred to	Taxes

Citations

[
  {
    "analysis": {
      "added": [
        "Adds language extending the expiration date for the tax under subdivision 4 (to 2036)."
      ],
      "removed": [
        "Removes the prior expiration language specifying the previous expiration date (previous expiration to January 1)."
      ],
      "summary": "This bill amends Minnesota Statutes 2024 section 383A.80, subdivision 4 to extend the expiration of the Hennepin County deed and mortgage taxes.",
      "modified": [
        "Amends subdivision 4 to reflect a new expiration date."
      ]
    },
    "citation": "383A.80",
    "subdivision": "subdivision 4"
  },
  {
    "analysis": {
      "added": [
        "Extends the expiration provisions in subdivision 4.1.5 related to the deed and mortgage taxes."
      ],
      "removed": [],
      "summary": "This bill amends Minnesota Statutes 2024 section 383B.80, subdivision 4.1.5 to extend the expiration of the related deed and mortgage taxes in the statute.",
      "modified": [
        "Amends subdivision 4.1.5 to reflect the extended expiration."
      ]
    },
    "citation": "383B.80",
    "subdivision": "subdivision 4.1.5"
  }
]