Providing certain economic development tax incentives for businesses located outside the metropolitan area (greater Minnesota); defining certain terms; granting the commissioner of trade and economic development certain powers and authorizing the adoption of administrative and fee rules, requiring the deposit of fees in the general fund; providing certain income tax credit awards for job creation and retention purposes, specifying certain agreement requirements and a credit limit; specifying certain taxpayer job creation and retention project applicationrequirements for credits qualification purposes, providing for review of applications by the commissioner, requiring formation of a business investment committee for projects recommendations purposes; specifying the terms of and certain limits on credits, providing for commissioner determination of the credit and specifying a duration limit; entitling shareholders or partners of the taxpayer (pass through entity) to the credit; requiring submission of a certificate of verification to the commissioner of revenue for credit claiming purposes, specifying certificate eligibility requirements; providing for DTED commissioner determination of noncompliance with the requirements, allowing the taxpayer a contested case hearing relating to the alleged noncompliance; requiring commissioner annual reports to the governor and the legislature on the tax credit program, specifying certain report content requirements; requiring and providing for commissioner biennial evaluations of the program, requiring reports to the governor and legislature; specifying certain liability limits; authorizing cities to exempt certain qualified businesses from the state general property tax, limits; providing an income tax subtraction for financial institution interest income from loans secured by qualified property, defining qualified property; providing an economic development income tax credit for qualified taxpayers, appropriating money to the commissioner of revenue for refund of the credit amount exceeding tax liability; providing for regional angel investment network (RAIN) and equity investments income tax credits, requiring and providing for registration with the DTED commissioner of qualified business ventures for equity investment credit eligibility purposes, specifying certain qualifying rules, requiring annual renewal and imposing certain application and renewal fees, requiring deposit in the general fund, requiring registration revocation under certain conditions, restricting registration transfer, requiring annual commissioner reports to the legislature on qualified business ventures, requiring and providing for credit forfeiture under certain conditions; providing an income tax credit for investment in certain qualified business equipment; excluding business personal property and payrolls paid or incurred outside the metropolitan area from certain definitions for net income apportionment formula exclusion purposes and exempting purchases of tangible personal property, taxable services and construction materials and supplies by qualified businesses from the sales tax; authorizing certain local tax abatements for qualified businesses; defining qualified business for tax incentive purposes (ra)