|Senate Counsel & Research||State of Minnesota|
|S.F. No. 2862 - Dairy Investment Credit|
|Author:||Senator Dallas Sams|
|Prepared by:||Michelle Allen, Senate Counsel (651/296-0558)|
|Date:||April 6, 2006|
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.
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