Qualified businesses that operate in an international economic development zone, individuals who invest in a regional distribution center or qualified businesses that operate in an international economic development zone, and property located in an international economic development zone qualify for:
(1) exemption from individual income taxes as provided under section 469.325;
(2) exemption from corporate franchise taxes as provided under section 469.326;
(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 41;
(4) exemption from the property tax as provided in section 272.02, subdivision 68; and
(5) the jobs credit allowed under section 469.327.
Official Publication of the State of Minnesota
Revisor of Statutes