Minnesota corporate headquarters tax credit established, and report required.

The bill establishes a Minnesota corporate headquarters tax credit for qualified corporations. To qualify, a corporation must have worldwide revenues of at least $250 million, a corporate headquarters in Minnesota, at least 250 eligible employees, and a minimum investment of $10 million in relocation or renovation expenses. The credit is equal to 60% of eligible expenses, up to $20,000 per eligible employee. The commissioner of employment and economic development must certify the corporation's eligibility.

Minnesota corporate headquarters tax credit established, and report required.

The bill establishes a Minnesota corporate headquarters tax credit for qualified corporations. To qualify, a corporation must have worldwide revenues of at least $250 million, a corporate headquarters in Minnesota, at least 250 eligible employees, and a minimum investment of $10 million in relocation or renovation expenses. The credit is equal to 60% of eligible expenses, up to $20,000 per eligible employee. The commissioner of employment and economic development must certify the corporation's eligibility.