MN SF2115

Allows a second assignment of historic structure rehabilitation tax credit certificates, permitting the first assignee to transfer the credit in whole to a second assignee before the payment is claimed

Removes the requirement that projects must be placed in service within three calendar years of receiving an allocation certificate to qualify for the credit or grant

Requires both the original credit certificate recipient and each assignee to file a tax return with the commissioner for the taxable year the project is placed in service

Assignees must notify the commissioner within 30 days of any credit certificate assignment for it to be valid

Effective for applications for allocation certificates submitted after June 30, 2025