SF No. 560 is a legislative bill that aims to standardize how building permit fees are determined for residential properties in Minnesota. This bill mandates that the commissioner of labor and industry create a valuation system based on the cost per square foot of residential buildings. This system will apply to new buildings, additions to one- and two-family homes, townhouses, and accessory buildings. The goal is to use this valuation as a basis for setting building permit fees charged by municipalities.