1.1 	A bill for an act
1.2 	relating to taxes; providing a credit for a taxpayer
1.3 	that installs equipment to dispense E85 motor vehicle
1.4 	fuel at retail; appropriating money; amending
1.5 	Minnesota Statutes 2004, section 290.06, by adding a
1.6 	subdivision.
1.7 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.8 	Section 1. Minnesota Statutes 2004, section 290.06, is
1.9 	amended by adding a subdivision to read:
1.10 		Subd. 32.Credit for installation of e85 fuel dispensing
1.11 	equipment. (a) A taxpayer that is a dealer as defined in
1.12 	section 296A.01, subdivision 13, may take a onetime credit under
1.13 	this chapter in the amount of $20,000 for the installation of
1.14 	equipment to dispense E85 fuel, as defined in section 296A.01,
1.15 	subdivision 19, at retail in the state.  If the amount of credit
1.16 	that a taxpayer is eligible to receive under this subdivision
1.17 	exceeds the taxpayer's tax liability under chapter 290, the
1.18 	excess amount of the credit shall be refunded to the claimant by
1.19 	the commissioner.
1.20 	(b) If the taxpayer is not required and does not file an
1.21 	income tax return, the credit provided under paragraph (a) may
1.22 	be claimed as a cash refund on forms provided by the
1.23 	commissioner.
1.24 	(c) The amount necessary to pay the refunds under this
1.25 	section is annually appropriated from the general fund to the
1.26 	commissioner of revenue.

2.1 	Sec. 2. EFFECTIVE DATE.
 2.2 	Section 1 is effective for E85 fuel dispensing equipment
2.3 	installed after January 1, 2005.