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Capital IconMinnesota Legislature

Legislative Session number- 83

Bill Name: SF1492

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 (ra)