Minnesota SF 2835: Duluth seawall and surface improvements bond issue and appropriation

Status: Referred to Capital Investment (as of 2018-03-01)
State: Minnesota · Session: 2017-2018 · Bill: SF 2835
Subjects: Appropriations, Bonds, Cities and Towns-Specific, Lakes, Ponds, Rivers, and Streams, Water and Water Resources
Sponsors: Simonson, Bakk
Bill Text

1.1 A bill for an act
1.2 relating to taxation; corporate franchise; establishing a Minnesota corporate
1.3 headquarters credit; requiring a report; proposing coding for new law in Minnesota
1.4 Statutes, chapters 116J; 290.
1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. [116J.8739] MINNESOTA CORPORATE HEADQUARTERS CREDIT.
1.7 Subdivision 1.Definitions.(a) For purposes of this section, the following terms have
1.8 the meanings given.
1.9 (b) "Corporate headquarters" means any of the following, located in Minnesota:
1.10 (1) the principal offices of the principal executive officers of a qualified corporation;
1.11 (2) the principal offices of a division or subdivision of a qualified corporation; or
1.12 (3) a research and development facility of a qualified corporation.
1.13 (c) "Corporation" has the meaning given in section 290.01, subdivision 4.
1.14 (d) "Eligible employee" means an employee whose position and duties involve the
1.15 performance of corporate headquarters functions.
1.16 (e) "Eligible expenses" means relocation or renovation expenses or employee training
1.17 expenses.
1.18 (f) "Employee" means an employee whose wages are subject to withholding under
1.19 section 290.92.
1.20 (g) "Employee training expenses" means:
1Section 1.
25-04270 as introduced03/04/25 REVISOR EAP/CH
SENATE
STATE OF MINNESOTA
S.F. No. 2835NINETY-FOURTH SESSION
(SENATE AUTHORS: NELSON and Hauschild)
OFFICIAL STATUSD-PGDATE
Introduction and first reading93403/20/2025
Referred to Taxes

2.1 (1) training and materials costs;
2.2 (2) trainees' wages while in a classroom setting; or
2.3 (3) the costs of a trainer and wages of a trainee while in an on-the-job or job shadowing
2.4 setting.
2.5 (h) "Employee wage credit amount" means ten percent of eligible employee wages paid
2.6 in a taxable year, up to $20,000 per eligible employee.
2.7 (i) "Maximum credit amount" means the amount of eligible expenses incurred in the
2.8 taxable year in which a qualified corporation is certified under subdivision 2, multiplied by
2.9 60 percent.
2.10 (j) "Provisional certification" means certification of a corporation that has not yet
2.11 relocated to Minnesota at the time of the application submitted under subdivision 2.
2.12 (k) "Qualified corporation" means a corporation that has been certified by the
2.13 commissioner under subdivision 2.
2.14 (l) "Qualified research" has the meaning given in section 290.068, subdivision 2,
2.15 paragraph (b).
2.16 (m) "Relocation or renovation expenses" means:
2.17 (1) moving costs and related expenses;
2.18 (2) purchases of new or replacement equipment;
2.19 (3) leasehold and building improvements;
2.20 (4) renewable energy improvements;
2.21 (5) property assembly and development expenses, including:
2.22 (i) purchase, lease, or construction of buildings;
2.23 (ii) purchase or lease of land;
2.24 (iii) infrastructure improvements; and
2.25 (iv) site development costs; and
2.26 (6) any other costs related to the qualified corporation's relocation or renovation.
2.27 (n) "Research and development facility" means a facility where qualified research is
2.28 conducted.
2Section 1.
25-04270 as introduced03/04/25 REVISOR EAP/CH

3.1 Subd. 2.Certification of qualified corporations.(a) A corporation may apply to the
3.2 commissioner for certification or provisional certification as a qualified corporation for a
3.3 taxable year. The commissioner must prescribe the form and manner for the application.
3.4 Applications for certification and provisional certification must be made available on the
3.5 department's website by November 1 of the preceding year.
3.6 (b) Within 30 days of receiving an application for certification or provisional certification
3.7 under this subdivision, the commissioner must either certify or provisionally certify the
3.8 corporation as satisfying the conditions required of a qualified corporation, request additional
3.9 information from the corporation, or reject the application for certification or provisional
3.10 certification. If the commissioner requests additional information from the corporation, the
3.11 commissioner must either certify or provisionally certify the corporation or reject the
3.12 application within 30 days of receiving the additional information. If the commissioner
3.13 neither certifies or provisionally certifies the corporation nor rejects the application within
3.14 30 days of receiving the original application or within 30 days of receiving the additional
3.15 information requested, whichever is later, then the application is deemed rejected. A
3.16 corporation that applies for certification or provisional certification and is rejected may
3.17 reapply.
3.18 (c) To receive certification or provisional certification as a qualified corporation, a
3.19 corporation must satisfy all of the following conditions:
3.20 (1) the corporation had worl
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