MN HF2975

Allocates $5,000,000 annually for tax reductions in border city enterprise zones and border city development zones, distributed among cities on a per capita basis, effective July 1, 2014 (with $2,500,000 available in 2014).

Allows municipalities to use allocated funds for tax reductions under the border city enterprise zone program or for other business tax offsets if necessary to retain or attract businesses to the zone.

Permits use of allocated funds for border city development zone programs under sections 469.1732 or 469.1734.

Increases the maximum income tax credit for workers employed in border city zones from $1,500 to $3,000 per employee per year.

Authorizes state-paid property tax credits for a portion of property taxes paid by commercial or industrial facilities located in border city zones.