Minnesota housing tax credit contributions eligible recipients modification

This bill modifies Minnesota's housing tax credit program to require that 50% of annual credits be reserved for projects located in "Greater Minnesota" (outside the metro area). It also adds restrictions preventing individuals or businesses that contributed to the tax credit account (or are connected to them) from receiving housing grants or loans. The changes apply to taxpayers contributing to the credit account and housing developers applying for funding through the Minnesota Housing Finance Agency. The program is limited to $9.9 million annually for tax credits, effective for tax years beginning after December 31, 2026.