Legislative Session number- 86

Bill Name: SF2892

Relating to economic development

ARTICLE 1 - ANGEL INVESTMENT TAX
CREDIT

Authorizing and providing for an angel investment tax credit;
specifying requirements; providing for certification of small businesses,
qualified taxpayers and qualified angel investment network funds; specifying
reporting requirements

ARTICLE 2 - MINNESOTA BUSINESS INVESTMENT COMPANY
CREDIT

Authorizing and providing for a Minnesota business investment company
credit; specifying requirements; providing for aggregate limitations on
investment credits; specifying requirements for continuance of certification;
specifying reporting requirements; requiring reports

ARTICLE 3 - INDIVIDUAL
INCOME AND CORPORATE FRANCHISE TAXES

Making changes to various income tax
provisions; reducing the corporate tax rate

ARTICLE 4 - LAWSUIT
REFORM

Providing for interlocutory appeal on the question of class
certification; modifying the limitation provisions governing merchant actions;
modifying certain private remedies

ARTICLE 5 - ENVIRONMENT

Modifying
environmental permitting and review provisions; requiring reports and
appropriating money; requiring the commissioner of the pollution control agency
(PCA) to amend certain rules
(rt)