Minnesota corporate headquarters credit establishment for qualified corporations.

The bill establishes a Minnesota corporate headquarters credit for qualified corporations. To qualify, a corporation must have worldwide revenues of at least $250 million, employ at least 250 eligible employees at its corporate headquarters in Minnesota, and make a minimum investment of $10 million in eligible expenses related to the corporate headquarters project. The credit is equal to the lesser of the employee wage credit amount or the maximum credit amount.

Minnesota corporate headquarters credit establishment for qualified corporations.

The bill establishes a Minnesota corporate headquarters credit for qualified corporations. To qualify, a corporation must have worldwide revenues of at least $250 million, employ at least 250 eligible employees at its corporate headquarters in Minnesota, and make a minimum investment of $10 million in eligible expenses related to the corporate headquarters project. The credit is equal to the lesser of the employee wage credit amount or the maximum credit amount.