Threshold for municipal reporting of construction-related and development-related fee collections; commissioner of labor and industry establishment of a cost per square foot valuation of certain properties for the purpose of setting municipal building permit fees requirement

This bill updates Minnesota's requirements for municipal fee reporting and building permit fee calculations. It raises the threshold for municipalities to report construction-related fees from $5,000 to $7,000 annually, affecting cities that collect fees from developers and builders. Additionally, it requires the Commissioner of Labor and Industry to establish a cost-per-square-foot valuation method for specific property types (like single-family homes and townhouses) to help municipalities set building permit fees. The changes apply directly to local governments and the development industry, with no new fees or taxes created.