1E "Minnesota New Markets Jobs Act"; providing capital for business growth in economically distressed communities; defining certain terms; specifying the establishment of income tax credit; establishing the right to transfer credits under certain conditions; specifying certain instances where tax credits are disallowed and certain penalties are applied; requiring a notice of noncompliance before disallowance; authorizing the performance fee to be refundable under certain conditions; allowing qualified community development entities to request investments be preapproved; prohibiting the management of qualified equity investments by another certified development entity; establishing certain reporting requirements
(me)