1E Relating to economic development

ARTICLE 1 - GREEN JOB OPPORTUNITY BUILDING ZONES

Establishing green job opportunity building zones (green JOBZ), defining terms, specifying limitations, providing an application for designation procedure, eligibility and criteria, providing for business subsidy agreements and reports, green job opportunity building zones designation, available tax incentives, individual income and corporate franchise tax exemptions, green jobs credit, property tax exemption and wind energy production tax exemption, requiring a tax benefit report from qualifying businesses, providing income tax benefits, allowing an income tax jobs credit, requiring tax benefits repayment by businesses no longer operating in a zone and continuing eligibility certification, specifying agreement breaches and prohibition against amendments to business subsidy agreements, allowing state auditor audits

ARTICLE 2 - MINNESOTA SMALL BUSINESS INVESTMENT COMPANY CREDIT

Providing a Minnesota small business investment company credit, defining terms, specifying requirements, aggregate limitations on investment credits allocation, continued certification requirements, reporting requirements, distributions, audit, certification revocation, registration requirements, reporting, credit allowed and repayment upon decertification

ARTICLE 3 - JOB GROWTH INVESTMENT TAX CREDIT

Providing a job growth investment tax credit, defining terms, specifying qualified regional investment fund requirements, funds certification and requirements and individual investors certification, allowing a job growth investment tax credit

ARTICLE 4 - BIOMETHANE ENERGY

Allowing natural gas utilities to include in conservation programs biomethane energy projects installation, defining terms
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