This bill provides an income or corporate franchise tax credit for the Minnesota share of the amount of the federal tax medical device tax paid.  The tax is 2.3 percent of the sales price of the taxable medical device.  “Minnesota share” is defined as the amount of the tax paid multiplied by the ratio of the taxpayer’s Minnesota payroll in connection with the trade or business during the tax year to its total payroll in connection with the trade or business during the tax year.  Effective beginning in tax year 2015.