1.1 	A bill for an act
1.2 	relating to taxation; income taxes; providing a credit for contributions to the 
1.3 	State Capitol restoration; appropriating money;proposing coding for new law in 
1.4 	Minnesota Statutes, chapter 290.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. [290.0678] CAPITOL RESTORATION CREDIT.
1.7 		Subdivision 1.Credit allowed. An individual or corporate taxpayer is allowed 
1.8 	a credit against the tax due under this chapter equal to the amount the taxpayer has 
1.9 	contributed to the state for restoration and renovation of the State Capitol.
1.10 		Subd. 2.Credit refundable. If the amount of the credit, which the taxpayer is 
1.11 	eligible to receive under this section exceeds the taxpayer's tax liability for tax under this 
1.12 	chapter, the commissioner must refund the excess to the taxpayer.
1.13 		Subd. 3.Appropriation. An amount sufficient to pay the refunds required by this 
1.14 	section is appropriated to the commissioner from the general fund.

1.15 	EFFECTIVE DATE. This section is effective for taxable years beginning after 
1.16 	December 31, 2007.