HF 3538

FIRST ENGROSSMENT

Start-up and emerging Minnesota businesses investment credit provided.

Section 1: Minnesota small business investment company credit language is provided.
Subdivision 1. Definitions.
Subdivision 2. Certification.
Subdivision 3. Requirements.
Subdivision 4. Aggregate limitations on investment credits; allocation.
Subdivision 5. Requirements for continuance of certification.
Subdivision 6. Minnesota small business investment company reporting requirements.
Subdivision 7. Distributions.
Subdivision 8. Decertification.
Subdivision 9. Revocation of certification.
Subdivision 10. Registration requirements.
Subdivision 11. Reports to governor and legislature.

Section 2: Minnesota small business investment company credit language is provided.

SNA 3/19/08