Legislative Session number- 87

Bill Name: HF2444

Foreign source income preferences eliminated, foreign royalty subtraction
repealed, domestic corporation definition expanded, JOBZ tax benefits modified,
corporate franchise tax rates reduced, income apportionment modified, foreign
operating corporations repealed, special apportionment formula repealed for mail
order businesses, Minnesota Science and Technology Authority expanded, public
research infrastructure grant program established, expanded research plan
required, and public postsecondary research partnership established.