Minnesota HF2142 allows a second assignment of historic structure rehabilitation credits and modifies allocation certificate requirements.

Minnesota HF2142 amends the state's tax code to allow for a second assignment of historic structure rehabilitation credits. The bill modifies the requirements for issuing allocation certificates, which verify eligibility for credits or grants related to historic structure rehabilitation projects. The changes include allowing the recipient of a credit certificate to assign the certificate to another taxpayer before the first one-fifth payment is claimed, and permitting the first assignee to assign the credit certificate to a second assignee.

Minnesota HF2142 allows a second assignment of historic structure rehabilitation credits and modifies allocation certificate requirements.

Minnesota HF2142 amends the state's tax code to allow for a second assignment of historic structure rehabilitation credits. The bill modifies the requirements for issuing allocation certificates, which verify eligibility for credits or grants related to historic structure rehabilitation projects. The changes include allowing the recipient of a credit certificate to assign the certificate to another taxpayer before the first one-fifth payment is claimed, and permitting the first assignee to assign the credit certificate to a second assignee.