Legislative Session number- 81

Bill Name: SF1210

Providing an income tax credit for expenditures for historic structure
rehabilitation, specifying eligible property and the credit amount; providing
for carryback and carryforward; requiring passthrough of credits granted to
partnerships, limited liability companies taxed as partnerships or multiple
owners; requiring application to the state historic preservation office of the
Minnesota historical society before project commencement for certain
determinations purposes, requiring issuance of eligibility verification
certificates for attachment to income tax returns; authorizing and providing for
taxpayer election to receive a historic rehabilitation mortgage credit
certificate in lieu of the tax credit; requiring the Minnesota historical
society to annually determine the economic impact to the state from the
rehabilitation tax credits and report to the legislature (ra)