Minnesota Real Estate Investors Association, Inc.

Minnesota Real Estate Investors Association, Inc.

Elimination of Mortgage Interest Deduction (MID)


Just when things are looking like they are settling down, the great DFL of Minnesota is at it again. Today, the MN House of Rep. Tax Committee released a "delete all amendment" to HF2323.

Items of note:

  1. Eliminate Mortgage Interest Deduction
    • Replaced with a maximum $420 credit
  2. Eliminate Property Tax Deduction

Here is a short video with Christopher Galler from the Minnesota Association of REALTORS explaining this.

Contact your Representative (if you live in Minnesota) and urge them to Vote NO on HF2323.



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andrei.dana@yahoo.comIt looks like our government is doing everything to bring back a sense of balance in real estate industry, I lot of people depend on these decisions and I doubt things will get solved that easy. I think we should focus on regaining people's confidence into buying homes again.

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