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MN HF2268
Bill
Status
Introduced
2/25/2014
Primary Sponsor
Paul Rosenthal
Click for details
AI Summary
- Extends the annual small business investment credit allocation from $12,000,000 to $15,000,000 per year for taxable years before January 1, 2019
- Removes the separate $11,000,000 credit limit for taxable years 2010-2011, consolidating all allocations under the higher $15,000,000 annual limit
- Extends the sunset date for the small business investment credit program from December 31, 2014 to December 31, 2018
- Extends related reporting and credit revocation requirements through 2020 for investors and funds, 2022 for businesses, and appropriation authority through 2022
- Effective for taxable years beginning after December 31, 2014
Legislative Description
Small business investment credit allowance extended.
Last Action
Committee report, to adopt as amended and re-refer to Taxes
3/17/2014
Committee Referrals
Taxes3/17/2014
Jobs and Economic Development Finance and Policy2/25/2014
Full Bill Text
No bill text available