
On July 1st, 2021, the Minnesota Legislature, during a special session, passed an omnibus tax bill (HF9) that included several important changes impacting affordable housing in the state. While much of the multi-faceted tax bill is designed to help the State achieve conformity with recent Federal Covid-19 related assistance programs, there are several actions that impact the real estate marketplace, and in particular affordable housing. The following Here are a few highlights of the bill that relate to real estate:
This is just a small portion of bill that was passed. Click here for a copy of the complete bill.
For additional considerations, please reach out to Donna Stevermer, CPA, Partner, or contact our Real Estate Solutions Team at Mahoney to be of help to you in any way.
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