Minnesota SF768 proposes a refundable tax credit for converting underutilized buildings, allows grants in lieu of the credit, and sets a sunset for.

Minnesota SF768 introduces a refundable tax credit for converting underutilized buildings, allowing grants in lieu of the credit. The credit or grant is up to 30% of qualifying conversion expenses. The bill outlines specific requirements for qualifying projects, including retaining at least 75% of external walls and completing conversion within three years. It also mandates annual and comprehensive five-year reports on the economic impact of qualifying projects.

Minnesota SF768 proposes a refundable tax credit for converting underutilized buildings, allows grants in lieu of the credit, and sets a sunset for.

Minnesota SF768 introduces a refundable tax credit for converting underutilized buildings, allowing grants in lieu of the credit. The credit or grant is up to 30% of qualifying conversion expenses. The bill outlines specific requirements for qualifying projects, including retaining at least 75% of external walls and completing conversion within three years. It also mandates annual and comprehensive five-year reports on the economic impact of qualifying projects.