Legislative Session number- 85

Bill Name: SF3271

1E Relating to insurance taxes; Minnesota small business investment company
credit; providing a credit for investment in start up and emerging Minnesota
businesses; defining certain terms; requiring the commissioner of employment and
economic development (DEED) to provide a standardized format for applying for
the small business investment credit; providing for aggregate limitations on
investment credits; specifying requirements for continuance of certification;
specifying small business investment company reporting requirements; providing
for qualified distributions; providing for decertification under certain
conditions; providing for revocation of certification; specifying registration
requirements; requiring certain reports to the governor and legislature
(je)