as introduced - 93rd Legislature (2023 - 2024) Posted on 01/25/2023 12:45pm
A bill for an act
relating to taxation; individual income; corporate franchise; repealing the sunset
for the credit for historic structure rehabilitation and reviving expired provisions;
repealing Minnesota Statutes 2022, section 290.0681, subdivision 10.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a)
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Minnesota Statutes 2022, section 290.0681, subdivision 10,
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is repealed.
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(b) The expired provisions of Minnesota Statutes, section 290.0681, subdivisions 1 to
9, are revived and reenacted.
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Paragraph (a) is effective the day following final enactment.
Paragraph (b) is effective for applications for allocation certificates submitted after June
30, 2023.
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Repealed Minnesota Statutes: 23-02343
This section expires after fiscal year 2022, except that the office's authority to issue credit certificates under subdivision 4 based on allocation certificates that were issued before fiscal year 2023 remains in effect through 2025, 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 2026, whichever is earlier.