Relating to taxation; providing tax incentives for green economy businesses including individual income and corporate franchise taxes, state and local sales and use taxes on qualifying purchases, state and local sales tax on motor vehicles, and certain property tax and job credit allowances; providing for certification of qualified businesses; exempting certain real and personal property in class 3 used primarily in the operation of a certified green business from ad valorem taxes, specifying municipal approval requirements; providing an income tax subtraction for certified green business income; modifying the definition of taxable income; providing for a certified green business job credit; making certain conforming amendments; excluding certified green business income from alternative minimum taxable income; excluding income from a certified green business from alternative minimum taxable income provisions; modifying the definition of Minnesota payrolls; providing for green business certifications; specifying certain business subsidy agreement and compensation requirements; specifying application requirements for green business designation or certification; specifying tax incentives available to certified green businesses; providing for the income and corporate franchise tax exemptions; providing for a jobs credit; providing for repayment of tax benefits under certain conditions
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