HF 3120

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxes; providing a tax credit to employers that employ persons with
criminal records; amending Minnesota Statutes 2006, section 290.06, by adding
a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2006, section 290.06, is amended by adding a
subdivision to read:

new text begin Subd. 34. new text end

new text begin Ex-felon tax credit. new text end

new text begin (a) A taxpayer is allowed a credit against the tax
imposed under this chapter for employment of qualified ex-felons.
new text end

new text begin (b) "Qualified ex-felon" has the meaning given in section 51 of the Internal Revenue
Code.
new text end

new text begin (c) The credit equals the credit allowed under section 51 of the Internal Revenue
Code without regard to the limitation to federal liability, but is limited to the portion of the
federal credit allowed for employment of qualified ex-felons.
new text end

new text begin (d) The credit under this subdivision is in effect without regard to whether or not the
credit allowed under section 51 of the Internal Revenue Code is allowed for wages paid
during the taxable year.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after
December 31, 2007.
new text end