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Capital IconMinnesota Legislature

Legislative Session number- 85

Bill Name: SF1052

1E Providing a corporate and individual income tax credit for contributions to
qualifying affordable housing, defining qualifying housing and qualifying
affordable housing contribution; requiring annual taxpayer application to the
commissioner of the housing finance agency for allocation of the tax credits and
HFA commissioner notice to the commissioner of revenue relating to the identity
of the taxpayer; limiting the credit and the total credit allocation and
authorizing carryforward; requiring an HFA commissioner report to the
legislature by a certain date on the effectiveness of the credit, specifying
certain report content requirements
(me)