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Office of the Revisor of Statutes

SF 3271 Senate Long Description

1E Relating to insurance taxes; Minnesota small business investment company credit; providing a credit for investment in start up and emerging Minnesota businesses; defining certain terms; requiring the commissioner of employment and economic development (DEED) to provide a standardized format for applying for the small business investment credit; providing for aggregate limitations on investment credits; specifying requirements for continuance of certification; specifying small business investment company reporting requirements; providing for qualified distributions; providing for decertification under certain conditions; providing for revocation of certification; specifying registration requirements; requiring certain reports to the governor and legislature
(je)