MN SF2754

Doubles the annual tax reduction allocation for border city enterprise zones on Minnesota's western border from $750,000 to $1,500,000, effective July 1, 2025

Increases the maximum income tax credit for employers hiring additional workers in enterprise zones from $3,000 to $5,000 per employee per year, effective for tax years after December 31, 2024

Removes acreage restrictions on enterprise zone designations, allowing cities like Dilworth, Moorhead, and Ortonville to designate all or any part of their city as a zone instead of being limited to 100-400 acres

Eliminates restrictions that previously excluded recreation/entertainment facilities and franchise food/beverage businesses from receiving tax reductions

Adds reimbursement of land acquisition costs as a new allowable tax reduction for business expansions within zones when necessary to prevent relocation outside the state