MN SF3975

Creates a tax credit for donations to qualified youth intervention organizations equal to 50 percent of the donation amount or the amount specified on a tax credit certificate, whichever is less.

Establishes a maximum statewide credit amount of $5,000,000 per taxable year and individual limits of $10,000 for married joint filers, $5,000 for other individuals, and $50,000 for corporations.

Requires taxpayers to apply for credit certificates on a first-come, first-served basis beginning January 1 each year, with unused credits carrying forward up to five subsequent taxable years.

Defines qualified youth intervention organizations as 501(c)(3) exempt entities primarily providing community-based services to at-risk youth (ages 6-21) facing risk factors including abuse, neglect, substance abuse, poverty, homelessness, and criminal justice involvement.

Appropriates $100,000 in fiscal year 2019 to the commissioner of public safety for implementation and administration of the credit program, effective for taxable years beginning after December 31, 2018.