MN SF2685

Amends Minnesota Statutes section 295.53, subdivision 4a to expand the research credit for hospitals and health care providers under the gross revenues tax.

Allows research conducted in coordination with a public or private higher education institution for the purposes of treating eating disorders to qualify as an allowable research program for tax credit purposes.

Maintains the existing 2.5 percent credit rate on patient service revenues used to fund qualifying research, with the credit capped at the hospital or health care provider's tax liability.

Effective for gross revenues received after December 31, 2012.