MN HF2989

Modifies certification requirements for qualified small business investors under Minnesota's small business investment tax credit program by amending Minnesota Statutes 2014, section 116J.8737, subdivision 3.

Allows non-accredited investors to apply for certification within 30 days after making a qualified investment, rather than requiring pre-investment certification for the prior calendar year.

Maintains existing certification requirements that investors must be natural persons and certify they will only invest in qualifying transactions, exempted securities, or registered securities under state law.

Applies to taxable years beginning after December 31, 2015.