Minnesota SF1993 raises the reporting threshold for municipal construction and development fees and requires the commissioner to set a cost per.
Minnesota SF1993 amends state statutes to increase the threshold for municipal reporting of construction and development-related fees from $5,000 to $7,000. Municipalities must report annually by June 30 to the Department of Labor and Industry if fees collected exceed this amount. The report must detail the number and valuation of units, the fees collected, and related expenses. Additionally, the commissioner is tasked with establishing a cost per square foot valuation for new one-family, two-family, townhouse, and accessory utility buildings to aid in setting municipal building permit fees.
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