Legislative Session number- 89

Bill Name: SF1253

Requiring the commissioner of employment and economic development (DEED) to
establish a technology corporate franchise tax certificate transfer program to
allow qualifying technology and biotechnology corporations to transfer or sell
Minnesota net operating loss carryovers under the corporate franchise tax to
other corporations to finance their Minnesota operations; specifying certain
eligibility requirements, allocation of tax benefits and annual limits,
qualifying tax benefits and corporations, recapture and approval of acquisition
of tax benefits, purposes, and agreement requirements; modifying the definition
of taxable income; allowing a credit
(je)