2005 Minnesota Statutes

     469.336 Tax incentives available in zones. 

    Qualified businesses that operate in a biotechnology and 
 health sciences industry zone, individuals who invest in a 
 qualified business that operates in a biotechnology and health 
 sciences industry zone, and property of a qualified business 
 located in a biotechnology and health sciences industry zone 
 qualify for: 

    (1) exemption from the property tax as provided in section 
 272.02, subdivision 65; 

    (2) exemption from corporate franchise taxes as provided 
 under section 469.337; 

    (3) exemption from the state sales and use tax and any 
 local sales and use taxes on qualifying purchases as provided in 
 section 297A.68, subdivision 38; 

    (4) research and development credits as provided under 
 section 469.339; 

    (5) jobs credits as provided under section 469.338. 

    HIST: 1Sp2003 c 21 art 2 s 15