Legislative Session number- 89

Bill Name: SF0584

Relating to economic development

ARTICLE 1 - ENVIRONMENTAL PERMITTING
EFFICIENCY

Modifying the timeline on issuing certain environmental
permits

ARTICLE 2 - RULEMAKING REFORM

Modifying certain rulemaking
provisions including objections to proposed rules and legislative notice
provisions and certain rulemaking limitation provisions

ARTICLE 3 - TAX
PROVISIONS

"Minnesota New Markets Job Act"; providing capital for business
growth in economically distressed areas; defining certain terms; establishing
tax credit opportunity; providing for transferability and the certification of
qualified investments; specifying certain instances when tax credits and
penalties are disallowed; providing for a refundable performance fee and the
preapproval of investments under certain conditions; specifying certain
prohibited uses of proceeds

ARTICLE 4 - WORKFORCE HOUSING

Establishing a
workforce housing grant program; providing for additions to taxable income;
providing a tax credit for contributions to land trusts; promoting the creation
of land trusts; appropriating money

ARTICLE 5 - STEM AND LONG-TERM CARE
EMPLOYMENT INCENTIVE

Providing a tax credit for science, technology,
engineering, mathematics or medicine (STEM) and long-term care
employees

ARTICLE 6 - STATE AGENCY PENALTY REFORM

Providing for the
deposit of revenue from certain agency penalties in the general fund instead of
dedicated funds; eliminating statutory appropriations of penalty revenue to
agencies; creating a small business compliance assistance grant program;
imposing certain penalties
(me)