MN HF4267

Extends the small business investment tax credit program for one additional year, from taxable years beginning after December 31, 2018, and before January 1, 2020.

Maintains the $10,000,000 annual credit allocation limit and requires 50 percent of credits to be reserved for qualified greater Minnesota businesses and minority- or women-owned qualified small businesses.

Preserves the 25 percent investment credit for qualified investors and qualified funds investing in qualified small businesses, with maximum individual credits of $250,000 for married couples and $125,000 for other filers.

Extends sunset provisions and reporting requirements through 2023 and 2024, allowing continued credit revocation enforcement and appropriation authority for qualified investors, funds, and small businesses.