The bill establishes the Task Force on Housing Taxes and Fees in Minnesota, which is tasked with studying the impact of various taxes, fees, and exactions imposed by state, county, and local governments on the cost of housing development and preservation. The task force will consist of 15 members, including representatives from the House of Representatives, the Senate, state agencies, local government associations, and the public, with appointments required to be made by July 1, 2026. The task force is charged with inventorying current housing-related taxes and fees, analyzing their cumulative effects on housing prices, evaluating allocation methods, and making recommendations for legislative or administrative changes to alleviate the financial burden on housing while ensuring essential public services are maintained.

Additionally, the bill outlines the administrative support to be provided by the Legislative Coordinating Commission and specifies that the task force's meetings will adhere to Minnesota's Open Meeting Law. By February 15, 2027, the task force is required to submit a report detailing its findings and recommendations to relevant legislative committees. The task force will dissolve the day after the report is submitted, and the provisions of this bill will take effect the day following its final enactment.