Minnesota SF2621 proposes a constitutional amendment to increase sales tax by 0.375% for housing initiatives.

Minnesota SF2621 proposes a constitutional amendment to raise the sales tax by three-eighths of one percent, dedicating the receipts for housing purposes. The bill establishes three funds: the homeownership opportunity fund, the community and household stability fund, and the rental opportunity fund. Each fund has a specific purpose, such as assisting in the creation and rehabilitation of homes for owner occupancy, providing emergency financial assistance, and funding ongoing rental assistance.

Minnesota SF2621 proposes a constitutional amendment to increase sales tax by 0.375% for housing initiatives.

Minnesota SF2621 proposes a constitutional amendment to raise the sales tax by three-eighths of one percent, dedicating the receipts for housing purposes. The bill establishes three funds: the homeownership opportunity fund, the community and household stability fund, and the rental opportunity fund. Each fund has a specific purpose, such as assisting in the creation and rehabilitation of homes for owner occupancy, providing emergency financial assistance, and funding ongoing rental assistance.