All Taxation-Income Legislation - Minnesota

Providing an income tax credit for costs incurred for the rehabilitation of certain certified historic structures located in the Fergus Falls historical zone; providing for a carryback and carryforward of tax liability; requiring pass through of credits granted to partnerships or limited liability companies (LLC) taxed as partnerships or multiple owners of property to the partners, members or owners, authorizing transfer, sale or assignment of the credits and use to offset income taxes imposed; requiring taxpayer application to the state historic preservation office of the Minnesota historical society before beginning the project, requiring the office to determine the amount of eligible rehabilitation costs, eligibility certificate issuance requirement and fee charging authority; authorizing the taxpayers to elect in lieu of the credit to receive a historic rehabilitation mortgage credit certificate, specifying terms [...]

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1ERelating to economic development ARTICLE 1 - JOBZ REQUIREMENTS Defining targeted rural opportunity community to include cities or towns with population loss or a higher than average unemployment rate; specifying state review criteria for commissioner of employment and economic development (DEED) approval of business subsidy agreements; requiring job opportunity building zone (JOBZ) business subsidy agreements to comply with certain agreement requirements; requiring written commissioner approval and specifying conditions required for commissioner approval; requiring standard agreement development by the commissioner, local government unit business subsidy reports on progress and public notice and hearing; allowing JOBZ qualified businesses and targeted rural opportunity communities tax benefits treatment the same year of agreement signature and into the future for a certain time period, specifying exclusions;[...]

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Relating to taxation; establishing a data match system for comparison of account information data held by financial institutions with the department of revenue database of debtors (tax debtor matching system), permitting fee charging, providing for noncompliance to information requests, confidentiality, immunity and civil action for unauthorized disclosures by financial institutions, appropriating annually for administrative costs, making conforming amendments; creating the surplus lines association of Minnesota as a nonprofit association, classifying data as public, requiring licensees to submit documents to the surplus lines association; defining targeted rural opportunity community, establishing a regional emerging business investment tax credit for qualifying businesses; abolishing the political contribution refund; making federal tax conforming changes; defining levy year as the year in which levies are certified

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Providing an income tax credit for costs incurred for the rehabilitation of certain certified historic structures; providing for a carryback and carryforward of tax liability; requiring pass through of credits granted to partnerships or limited liability companies (LLC) taxed as partnerships or multiple owners of property to the partners, members or owners, authorizing transfer, sale or assignment of the credits and use to offset income taxes imposed; requiring taxpayer application to the state historic preservation office of the Minnesota historical society before beginning the project, requiring the office to determine the amount of eligible rehabilitation costs, eligibility certificate issuance requirement and fee charging authority; authorizing the taxpayers to elect in lieu of the credit to receive a historic rehabilitation mortgage credit certificate, specifying terms and conditions, restricting transfer of the [...]

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1E Relating to human services; requiring the board on aging in cooperation with area agencies on aging and local service providers to establish a home modification program, a volunteer transportation program and an evidenced based caregiver support program for certain low to moderate income older adults; requiring the commissioner of human services to establish a statewide priority to enhance the mobility of older adults; providing for a Minnesota home care income tax credit, specifying certain credit allowances and limitations, requiring certain caregiver training requirements, requiring certification of a caregiver by a long term care consultation team; requiring the commissioner in cooperation with the Minnesota board of aging and other stakeholders, to evaluate the adequacy of and make recommendations for improving the elder abuse prevention program, requiring a report to the legislature by a certain date; requiring [...]

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Relating to the income tax; creating the "Rural Minnesota Catch-Up Credit" on a temporary basis to provide for economic growth in rural counties of the state; providing a refundable income tax credit for employers creating and retaining certain qualifying jobs, defining eligible county and qualifying job; specifying certain job creation and credit application requirements for credit qualification purposes; requiring eligible counties to periodically award the credits, specifying certain notice publication and applicant selection requirements, criteria; setting a limit on total credits per eligible county, allowing carryover of unawarded amounts; requiring the commissioner of revenue to prescribe the manner of issuing and claiming the credit and to report to the legislature by a certain date on the credits claimed and on the feasibility and benefit of continuing the program, authorizing consultation with the commissioner [...]

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