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HF 2358

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 03:03pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 02/20/2012

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13
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A bill for an act
relating to taxation; income and franchise; historic preservation and job creation;
extending the sunset on the historic structure rehabilitation tax credit; amending
Minnesota Statutes 2010, section 290.0681, subdivision 10.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2010, section 290.0681, subdivision 10, is amended to
read:


Subd. 10.

Sunset.

This section expires after fiscal year deleted text begin 2015deleted text end new text begin 2021new text end , except that
the office's authority to issue credit certificates under subdivision 4 based on allocation
certificates that were issued before fiscal year deleted text begin 2016deleted text end new text begin 2022new text end remains in effect through deleted text begin 2018deleted text end new text begin
2024
new text end , and the reporting requirements in subdivision 9 remain in effect through the year
following the year in which all allocation certificates have either been canceled or resulted
in issuance of credit certificates, or deleted text begin 2019deleted text end new text begin 2025new text end , whichever is earlier.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end