Bill > SF2621

This bill proposes a constitutional amendment to increase Minnesota's sales tax rate by three-eighths of one percent from July 1, 2027, until June 30, 2052, with the collected revenue dedicated to housing purposes. The funds will be distributed among three new accounts: the homeownership opportunity fund (25%), which will help people buy, create, and fix up homes for owner occupancy; the community and household stability fund (25%), which will provide emergency financial aid, legal services, and outreach for those experiencing or at risk of homelessness; and the rental opportunity fund (50%), which will support rental assistance, supportive services for renters, and the development or renovation of rental housing. The bill also establishes councils for each fund to advise on their administration and implementation, with appointments including legislators, government officials, and representatives from various community and housing organizations. This proposed amendment will be put before voters in the 2026 general election for their approval.

Government Affairs, Health and Social Services, Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2621&ssn=0&y=2025