MN SF4214

Requires the Minnesota Museum of American Art Center for Creativity rehabilitation project to qualify for the historic structure tax credit under Minnesota Statutes section 290.0681, notwithstanding existing law or rules to the contrary.

Mandates that the State Historic Preservation Office of the Department of Administration issue a credit certificate for the project to the Minnesota Museum of American Art or its assignee.

Conditions the tax credit qualification on the project being consistent with the historic character of the certified structure as determined under section 47 of the Internal Revenue Code.

Makes the tax credit effective beginning in the taxable year the project is placed into service and continuing for the four subsequent taxable years.