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HF 3420

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

2025-2026 Regular Session Introduced by Athena Hollins and 5 co-sponsors

Extends Hennepin and Ramsey County deed and mortgage tax sunset to Jan 1, 2036, applying to deeds/mortgages acknowledged on or after July 1, 2026.

Authors added Howard and Hollins
#counties-specific #taxation
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WeVote Research Nonpartisan
Bill Summary · HF 3420

Summary of HF 3420 (2025-2026) – Minnesota

Title

Hennepin County and Ramsey County deed and mortgage taxes expiration extended

Purpose

HF 3420 extends the expiration dates for the authority to impose deed and mortgage taxes in Hennepin County and Ramsey County. The bill changes the sunset for these local transfer taxes from January 1, 2028, to January 1, 2036. It also sets an effective date for the new expiration timeline, specifying that the extension applies to all deeds and mortgages acknowledged on or after July 1, 2026.

Key Provisions

  • Section 1 – Hennepin County deed and mortgage tax (Minnesota Statutes, § 383A.80, subd. 4):

    • Expiration Extension: The authority to impose the deed and mortgage tax is extended from January 1, 2028, to January 1, 2036.
    • Effective Date: The extended expiration applies to all deeds and mortgages acknowledged on or after July 1, 2026.

  • Section 2 – Ramsey County deed and mortgage tax (Minnesota Statutes, § 383B.80, subd. 4):

    • Expiration Extension: The authority to impose the deed and mortgage tax is extended from January 1, 2028, to January 1, 2036.
    • Effective Date: The extended expiration applies to all deeds and mortgages acknowledged on or after July 1, 2026.

Who Is Affected

  • Property transaction taxpayers in Hennepin and Ramsey Counties who are subject to the local deed and mortgage taxes.
  • Local governments in Hennepin and Ramsey Counties that rely on these taxes as part of their revenue for county-level services, infrastructure, and related programs.
  • Mortgage lenders and title/recording offices handling real estate transactions in the two counties, due to the timing of when the tax authority is in effect for recording deeds and mortgages.

Timeline and Procedural Aspects

  • Effective Date for Extended Expiration: July 1, 2026.
  • New Sunset: January 1, 2036 (for both Hennepin and Ramsey Counties).
  • Applicability Window: The extension covers deeds and mortgages acknowledged on or after July 1, 2026. Transactions acknowledged before that date but after the original sunset may not be affected unless otherwise specified by subsequent law.

Additional Notes

  • The bill consolidates authorization timelines for the two counties, aligning their local transfer tax expiration date at 2036.
  • The measure includes only the sunset extension; it does not indicate changes to tax rates, exemptions, or administration beyond the expiration date.

Sponsors and Action

  • Co-sponsors: Danny Nadeau, Kelly Moller, Mike Howard, Athena Hollins, Sydney Jordan, Liz Lee
  • Introduced / Referral: Introduced and referred to the Taxes committee; initial readings occurred in February 2026, with additional author additions in March 2026.

This summary provides the substantive changes HF 3420 proposes and their practical implications for affected parties. If you need a deeper dive into the statutory references (Minnesota Statutes 2024, §§ 383A.80 and 383B.80, subd. 4) or a comparison with current law, I can map those details out.

Compiled from official sources — confirm details with the bill’s official record.

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