as introduced - 92nd Legislature (2021 - 2022) Posted on 05/06/2021 06:29pm
|Introduction||Posted on 02/04/2021|
A bill for an act
relating to taxation; individual income and corporate franchise; repealing the sunset
of the historic structure rehabilitation credit; repealing Minnesota Statutes 2020,
section 290.0681, subdivision 10.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Repealed Minnesota Statutes: 21-01556
This section expires after fiscal year 2021, except that the office's authority to issue credit certificates under subdivision 4 based on allocation certificates that were issued before fiscal year 2022 remains in effect through 2024, and the reporting requirements in subdivision 9 remain in effect through the year following the year in which all allocation certificates have either been canceled or resulted in issuance of credit certificates, or 2025, whichever is earlier.