MN SF2600

Allocates $5,000,000 annually starting July 1, 2014 for tax reductions in border city enterprise and development zones, with only $2,500,000 available in calendar year 2014.

Commissioner shall distribute allocated funds among cities on a per capita basis for tax reductions under either the enterprise zone or development zone programs.

Allows municipalities to use allocations for tax reductions or offsets on business taxes if necessary to retain or attract businesses to the zones.

Increases 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 commercial or industrial facilities located in border city zones.