Hennepin County and Ramsey County deed and mortgage taxes expiration extended.

Plain English Breakdown

Checked against official source text during the last sync.

Extending Taxes in Hennepin County and Ramsey County

The bill extends the expiration date of deed and mortgage taxes for Hennepin County and Ramsey County until January 1, 2036.

What This Bill Does

• Changes the end date when Hennepin County and Ramsey County can collect deed and mortgage taxes from January 1, 2028 to January 1, 2036.
• Updates Minnesota Statutes for both counties to reflect this new expiration date.
• Makes these changes effective starting July 1, 2026.

Who It Names or Affects

• Hennepin County and Ramsey County
• People buying or selling property in Hennepin County and Ramsey County

Terms To Know

Deed tax

A tax charged when a deed, which is a legal document that transfers ownership of real estate, is recorded.

Mortgage tax

A tax charged on the mortgage part of a property transaction.

Limits and Unknowns

• The bill does not specify how much money will be collected from these taxes.
• It is unclear what happens after January 1, 2036 when the new expiration date ends.

Official Summary Text

Hennepin County and Ramsey County deed and mortgage taxes expiration extended.

Current Bill Text

A bill for an act

relating to taxation; extending the expiration of the Hennepin County and Ramsey

County deed and mortgage taxes; amending Minnesota Statutes 2024, sections

383A.80, subdivision 4; 383B.80, subdivision 4.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2024, section 383A.80, subdivision 4, is amended to read:

Subd. 4.

Expiration.

The authority to impose the tax under this section expires January

1,
deleted text begin
2028
deleted text end
new text begin
2036
new text end
.

new text begin

EFFECTIVE DATE.

new text end

new text begin

This section is effective for all deeds and mortgages acknowledged

on or after July 1, 2026.

new text end

Sec. 2.

Minnesota Statutes 2024, section 383B.80, subdivision 4, is amended to read:

Subd. 4.

Expiration.

The authority to impose the tax under this section expires January

1,
deleted text begin
2028
deleted text end
new text begin
2036
new text end
.

new text begin

EFFECTIVE DATE.

new text end

new text begin

This section is effective for all deeds and mortgages acknowledged

on or after July 1, 2026.

new text end