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MN SF3305

Bill

Status

Introduced

3/22/2010

Primary Sponsor

Yvonne Prettner Solon

Click for details

Origin

Senate

86th Legislature 2009-2010

AI Summary

  • Extends the maximum JOBZ zone duration from 12 years by 3 calendar years for ethanol plants with business subsidy agreements executed after April 30, 2006

  • Extends the maximum JOBZ zone duration by 5 calendar years for businesses in counties with unemployment rates equaling or exceeding 10 percent or 10 percent higher than statewide average, with headquarters, R&D facilities, and energy-efficient manufacturing operations, if subsidy agreements are executed between July 1, 2009 and July 1, 2011

  • Extends the maximum JOBZ zone duration by 5 calendar years for renewable energy businesses with headquarters, training facilities, or manufacturing facilities in high unemployment counties, if subsidy agreements are executed between July 1, 2010 and July 1, 2012

  • Takes effect the day following final enactment

Legislative Description

Job opportunity building zones (JOBZ) tax incentives duration extension

Last Action

Senate: Author added Bakk

3/23/2010

Committee Referrals

Taxes3/22/2010

Full Bill Text

No bill text available