MN SF131

Adds definition of "liquidation event" to mean conversion of qualified investment for cash or other consideration, effective for businesses certified after June 30, 2013.

Extends the operational period for medical device and pharmaceutical businesses from 10 years to 20 years if FDA approval is required, effective immediately upon enactment.

Adds requirement that qualified businesses cannot have issued securities traded on public exchanges and cannot issue such securities within 180 days of receiving a qualified investment, effective for businesses certified after June 30, 2013.

Increases tax credit allocation cap from $12,000,000 to $17,000,000 per year for taxable years beginning after December 31, 2012 and before January 1, 2015.

Expands public data disclosure to include mailing address, telephone number, email address, contact person's name, and industry type for certified qualified small businesses.