Legislative Session number- 83

Bill Name: SF0361

Relating to the income tax; creating the "Rural Minnesota Catch-Up +Credit" on a
temporary basis to provide for economic growth in rural counties of +the state;
providing a refundable income tax credit for employers creating and +retaining
certain qualifying jobs, defining eligible county and qualifying job; specifying
certain job creation and credit application requirements +for credit
qualification purposes; requiring eligible counties to periodically +award the
credits, specifying certain notice publication and applicant +selection
requirements, criteria; setting a limit on total credits per eligible+ county,
allowing carryover of unawarded amounts; requiring the commissioner +of revenue
to prescribe the manner of issuing and claiming the credit and to +report to the
legislature by a certain date on the credits claimed and on the +feasibility and
benefit of continuing the program, authorizing consultation with the
commissioners of economic security and trade and economic development+ (DTED) in
preparing the report (ra)