1.1 	A bill for an act
1.2 	relating to taxation; individual income and corporate franchise; extending the 
1.3 	sunset of the historic structure rehabilitation credit;amending Minnesota Statutes 
1.4 	2020, section 290.0681, subdivision 10.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2020, section 290.0681, subdivision 10, is amended to read:
1.7 		Subd. 10.Sunset. This section expires after fiscal year ~~2021~~ 2026, except that the office's 
1.8 	authority to issue credit certificates under subdivision 4 based on allocation certificates that 
1.9 	were issued before fiscal year ~~2022~~ 2027 remains in effect through ~~2024~~ 2029, and the 
1.10 	reporting requirements in subdivision 9 remain in effect through the year following the year 
1.11 	in which all allocation certificates have either been canceled or resulted in issuance of credit 
1.12 	certificates, or ~~2025~~ 2030, whichever is earlier.

1.13 	EFFECTIVE DATE. This section is effective the day following final enactment.