MN SF3600

Amends Minnesota Statutes 2014, section 116J.8737, subdivision 2, regarding certification of qualified small businesses for investment tax credit purposes.

Adds exemption from wage requirements for businesses located in greater Minnesota statutory or charter cities with populations under 2,000 or towns with populations under 2,000.

Extends operational period limit from 10 years to 20 years for businesses engaged in research, development, or production of medical devices or pharmaceuticals requiring FDA approval.

Effective for taxable years beginning after December 31, 2015, and applies only to qualified investments made after December 31, 2015.