hf3FIRST ENGROSSMENTTax-free property zones established, exemptions provided for +individuals and businesses, state aid and repayment of tax benefits provided, and +money appropriated.Section 1: Job opportunity building zone property established.Sec. 2: Tax exemption for wind energy conversion systems provided.Sec. 3: Job opportunity building zone income allowed to be +subtracted from federal taxable income.Sec. 4: "Taxable income" definition modified.Sec. 5: Technical statutory references added.Sec. 6: Job opportunity building zone job credit provided. Sec. 7: Credit amount calculation procedure modified.Sec. 8-9: Conforming changes.Sec. 10: Alternative minimum taxable income definition modified.Sec. 11: "Minnesota property" and "Minnesota payrolls" definitions +modified.Sec. 12: Job opportunity building zone tax exemptions provided.Sec. 13: Conforming changes.Sec. 14: Related terms defined.Sec. 15: Development plan provided.Sec. 16: Job opportunity building zone limitations detailed.Sec. 17: Application for designation content detailed.Sec. 18: Designation procedure for job opportunity building zones +provided.Sec. 19: Tax incentives made available in job opportunity building +zones.Sec. 20: Individual income tax exemption provided.Sec. 21: Corporate franchise tax exemption provided.Sec. 22: Jobs credit detailed.Sec. 23: Repayment procedure for tax benefits established.Sec. 24: Zone performance reporting and remedy procedures +established.Sec. 25: Job opportunity building zone aid eligibility and +certification requirements provided.Sec. 26: Money appropriated.AE