This bill provides for a nonrefundable income tax credit equal to ten percent of the first $500,000 of qualifying expenditures for improvement of buildings or facilities, or acquisition of equipment used for dairy farming. Unused credits may be carried forward up to 15 succeeding tax years.

MJA:dv

Check on the status of this bill

Back to Senate Counsel and Research Bill Summaries page

This page is maintained by the Office of Senate Counsel and Research for the Minnesota Senate.

Last review or update: 04/7/2006

If you see any errors on this page, please e-mail us at webmaster@senate.mn.