469.324 TAX INCENTIVES IN INTERNATIONAL ECONOMIC DEVELOPMENT
ZONE.
Qualified businesses that operate in an international economic development zone, individuals
who invest in a regional distribution center or qualified businesses that operate in an international
economic development zone, and property located in an international economic development
zone qualify for:
(1) exemption from individual income taxes as provided under section
469.325;
(2) exemption from corporate franchise taxes as provided under section
469.326;
(3) exemption from the state sales and use tax and any local sales and use taxes on qualifying
purchases as provided in section
297A.68, subdivision 41;
(4) exemption from the property tax as provided in section
272.02, subdivision 68; and
(5) the jobs credit allowed under section
469.327.
History: 1Sp2005 c 3 art 10 s 17