Minnesota SF4043 modifies the eligibility criteria for recipients of the Minnesota housing tax credit contributions.

Minnesota SF4043 amends the eligibility criteria for recipients of the Minnesota housing tax credit contributions. The bill specifies that disqualified individuals and businesses cannot receive grants or loans. Disqualified individuals include those who or whose immediate family members made contributions to the account in the current or prior taxable year and received a credit certificate. Disqualified businesses include those with officers or principals who made contributions and received a credit certificate, or those directly owned or controlled by such individuals or businesses.

Minnesota SF4043 modifies the eligibility criteria for recipients of the Minnesota housing tax credit contributions.

Minnesota SF4043 amends the eligibility criteria for recipients of the Minnesota housing tax credit contributions. The bill specifies that disqualified individuals and businesses cannot receive grants or loans. Disqualified individuals include those who or whose immediate family members made contributions to the account in the current or prior taxable year and received a credit certificate. Disqualified businesses include those with officers or principals who made contributions and received a credit certificate, or those directly owned or controlled by such individuals or businesses.