Legislative Session number- 85

Bill Name: SF0284

Relating to the income tax; creating the "Rural Minnesota Catch-Up Credit" on a
temporary basis to provide for economic growth in rural counties of the state;
providing a refundable income tax credit for employers creating and retaining
certain qualifying jobs, defining eligible county and qualifying job; specifying
certain job creation and credit application requirements for credit
qualification purposes; requiring eligible counties to periodically award the
credits, specifying certain notice publication and applicant selection
requirements, criteria; setting a limit on total credits per eligible county,
allowing carryover of unawarded amounts; requiring the commissioner of revenue
to prescribe the manner of issuing and claiming the credit and to report to the
legislature by a certain date on the credits claimed and on the feasibility and
benefit of continuing the program, authorizing consultation with the
commissioner of employment and economic development (DEED) in preparing the
report
(ra)