HF 787

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:

Section 1. new text begin REPEAL OF EXPIRATION AND REVIVAL OF EXPIRED PROVISIONS.
new text end

new text begin (a) new text end new text begin Minnesota Statutes 2022, section 290.0681, subdivision 10, new text end new text begin is repealed.
new text end

new text begin (b) The expired provisions of Minnesota Statutes, section 290.0681, subdivisions 1 to
9, are revived and reenacted.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin Paragraph (a) is effective the day following final enactment.
Paragraph (b) is effective for applications for allocation certificates submitted after June
30, 2023.
new text end

APPENDIX

Repealed Minnesota Statutes: 23-02343

290.0681 CREDIT FOR HISTORIC STRUCTURE REHABILITATION.

Subd. 10.

Sunset.

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.