Minnesota SF2637 allows a tax credit for advertising expenses in local media for qualifying taxpayers.

Minnesota SF2637 amends the state's tax code to allow a credit for advertising expenses in local media. Qualifying taxpayers, defined as those employing fewer than 50 full-time employees, can claim a credit against their tax liability. The credit is based on a percentage of the advertising expenses, with limits of $2,500 for certain years. Unused credits can be carried over to future years. The credit applies to advertising in local newspapers, broadcast radio, and television stations. The credit expires for taxable years beginning after December 31, 2028.

Minnesota SF2637 allows a tax credit for advertising expenses in local media for qualifying taxpayers.

Minnesota SF2637 amends the state's tax code to allow a credit for advertising expenses in local media. Qualifying taxpayers, defined as those employing fewer than 50 full-time employees, can claim a credit against their tax liability. The credit is based on a percentage of the advertising expenses, with limits of $2,500 for certain years. Unused credits can be carried over to future years. The credit applies to advertising in local newspapers, broadcast radio, and television stations. The credit expires for taxable years beginning after December 31, 2028.