MN HF3021

Creates a temporary refundable tax credit equal to the lesser of 33 percent of purchase price or $5,000 for individuals who purchase and install a qualifying residential biomass heating system during the taxable year.

Defines eligible systems as certified residential wood heaters or residential hydronic heaters meeting the 2015 EPA Standards of Performance published March 16, 2015.

Makes the credit refundable for Minnesota residents and part-year residents, with excess credits refunded by the commissioner of revenue from the general fund.

Requires the commissioner of revenue to report by January 15, 2019, on taxpayer participation, average and total credits claimed, recommendations for making the credit permanent, and administration and compliance measures.

Effective for taxable years beginning after December 31, 2016, and before January 1, 2022.