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MN SF1623
Bill
Status
2/13/2023
Primary Sponsor
John Jasinski
Click for details
AI Summary
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Repeals the sunset provision for the historic structure rehabilitation credit under Minnesota Statutes section 290.0681, allowing the credit to continue indefinitely.
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Allows projects that started rehabilitation work between July 1, 2022, and July 1, 2023, to apply for the credit if applications are received within 60 days of July 1, 2023, even if they would otherwise be ineligible.
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Revives and reenacts expired provisions of Minnesota Statutes section 290.0681, subdivisions 1 through 9, effective for allocation certificate applications submitted beginning July 1, 2023.
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Repeals Minnesota Statutes 2022, section 290.0681, subdivision 10, which contained the original sunset and administrative provisions.
Legislative Description
Historic structure rehabilitation income tax credit sunset repeal; extension for certain projects to apply for the credit authorization
Last Action
Referred to Taxes
2/13/2023