Relating to economic development

ARTICLE 1 - ANGEL INVESTMENT TAX CREDIT

Authorizing and providing for an angel investment tax credit; specifying requirements; providing for certification of small businesses, qualified taxpayers and qualified angel investment network funds; specifying reporting requirements

ARTICLE 2 - MINNESOTA BUSINESS INVESTMENT COMPANY CREDIT

Authorizing and providing for a Minnesota business investment company credit; specifying requirements; providing for aggregate limitations on investment credits; specifying requirements for continuance of certification; specifying reporting requirements; requiring reports

ARTICLE 3 - INDIVIDUAL INCOME AND CORPORATE FRANCHISE TAXES

Making changes to various income tax provisions; reducing the corporate tax rate

ARTICLE 4 - LAWSUIT REFORM

Providing for interlocutory appeal on the question of class certification; modifying the limitation provisions governing merchant actions; modifying certain private remedies

ARTICLE 5 - ENVIRONMENT

Modifying environmental permitting and review provisions; requiring reports and appropriating money; requiring the commissioner of the pollution control agency (PCA) to amend certain rules
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