Legislative Session number- 85

Bill Name: SF3741

Relating to taxation; providing tax incentives for green economy businesses
including individual income and corporate franchise taxes, state and local sales
and use taxes on qualifying purchases, state and local sales tax on motor
vehicles, and certain property tax and job credit allowances; providing for
certification of qualified businesses; exempting certain real and personal
property in class 3 used primarily in the operation of a certified green
business from ad valorem taxes, specifying municipal approval requirements;
providing an income tax subtraction for certified green business income;
modifying the definition of taxable income; providing for a certified green
business job credit; making certain conforming amendments; excluding certified
green business income from alternative minimum taxable income; excluding income
from a certified green business from alternative minimum taxable income
provisions; modifying the definition of Minnesota payrolls; providing for green
business certifications; specifying certain business subsidy agreement and
compensation requirements; specifying application requirements for green
business designation or certification; specifying tax incentives available to
certified green businesses; providing for the income and corporate franchise tax
exemptions; providing for a jobs credit; providing for repayment of tax benefits
under certain conditions
(je)