MN SF519

Qualified employees who graduate from accredited aerospace/aviation programs and work full-time for aerospace/aviation employers starting January 1, 2026 may claim a $5,000 annual tax credit for their first five consecutive years of employment, with unused credits carrying forward up to four years.

Qualified employers may claim a tax credit equal to 50% of tuition reimbursed to qualified employees during their first five years of employment, capped at 50% of the average annual tuition cost for the program.

Qualified employers may claim an additional credit equal to 10% of compensation paid to qualified employees, capped at $15,000 per employee per year for the first five years of employment.

Eligible programs include those accredited by the Accreditation Board for Engineering and Technology, FAA, or regional accrediting bodies, as well as associate degrees, technical certificates, and FAA certifications in aerospace/aviation fields.

The credit program expires December 31, 2030 for earning new credits, with all credits expiring January 1, 2035; the Commissioner of Revenue must submit annual reports on program cost and effectiveness beginning January 15, 2028.