Bill Text: MN SF856 | 2011-2012 | 87th Legislature | Introduced


Bill Title: Job opportunity building zone (JOBZ) duration limit and tax incentives allowance duration extensions

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-03-16 - Referred to Taxes [SF856 Detail]

Download: Minnesota-2011-SF856-Introduced.html

1.1A bill for an act
1.2relating to economic development; modifying JOBZ;amending Minnesota
1.3Statutes 2010, section 469.312, subdivision 5.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5    Section 1. Minnesota Statutes 2010, section 469.312, subdivision 5, is amended to read:
1.6    Subd. 5. Duration limit. (a) The maximum duration of a zone is 12 years. The
1.7applicant may request a shorter duration. The commissioner may specify a shorter
1.8duration, regardless of the requested duration.
1.9(b) The duration limit under this subdivision and the duration of the zone for
1.10purposes of allowance of tax incentives described in section 469.315 is extended by three
1.11calendar years for each parcel of property that meets the following requirements:
1.12(1) the qualified business operates an ethanol plant, as defined in section 41A.09, on
1.13the site that includes the parcel; and
1.14(2) the business subsidy agreement was executed after April 30, 2006.
1.15(c) The duration limit under this subdivision and the duration of the zone for
1.16purposes of allowance of tax incentives described in section 469.315 is extended by five
1.17calendar years for each parcel of property that meets the following requirements:
1.18(1) the parcel is located in a county with an unemployment rate that on the date that
1.19the business subsidy agreement is executed (i) equals or exceeds ten percent or (ii) is ten
1.20percent higher than the statewide average;
1.21(2) the operations of the qualified business on the site include:
1.22(i) its headquarters;
1.23(ii) facilities for research and development; and
2.1(iii) the manufacturing of products, used by the building, transport, consumer
2.2products, and industrial products sectors, that reduce the use of or increase the efficiency
2.3of the use of energy resources and that are manufactured using innovative and high
2.4technology processes; and
2.5(3) the business subsidy agreement is executed after July 1, 2009, and before July 1,
2.62011.
2.7(d) The duration of a create automotive recovery zone is 12 years from the date of
2.8the designation of a zone by the commissioner under section 469.314, subdivision 4,
2.9paragraph (g).
2.10(e) The duration limit under this subdivision and the duration of the zone for
2.11purposes of allowance of tax incentives described in section 469.315 is extended by five
2.12calendar years for each parcel of property that meets the following requirements:
2.13(1) the parcel is located in a county with an unemployment rate for any of the 12
2.14months preceding the date on which the business subsidy agreement is executed that (i)
2.15equals or exceeds ten percent or (ii) is ten percent higher than the statewide average;
2.16(2) the qualified business is engaged in the business of manufacturing wind turbines
2.17and related products for the generation of energy, and the parcel includes one or more of
2.18the following facilities of the qualified business:
2.19(i) the headquarters of the business in this country;
2.20(ii) training facilities; or
2.21(iii) manufacturing facilities; and
2.22(3) the initial business subsidy agreement is executed after July 1, 2010, and before
2.23November 1, 2011.
2.24(f) The duration limit under this subdivision and the duration of the zone for
2.25purposes of allowance of tax incentives described in section 469.315 is extended by six
2.26calendar years for each parcel of property that meets the following requirements:
2.27(1) the parcel is located in a county with a median household income that on the
2.28date that the business subsidy agreement is executed is at or below 80 percent of the
2.29statewide average;
2.30(2)(i) the qualified business is engaged in the business of manufacturing pet foods
2.31and the parcel includes one or more of the following facilities of the qualified business:
2.32(A) administrative offices;
2.33(B) warehousing and distribution facilities;
2.34(C) manufacturing facilities that are using innovative and state-of-the-art processes;
2.35and
2.36(D) capital investment of at least $22,000,000; or
3.1(ii) the qualified business is engaged in the business of coating pre-manufactured
3.2components to be used in assembly of various consumer and industrial products and the
3.3parcel includes one or more of the following facilities of the qualified business:
3.4(A) administrative offices;
3.5(B) warehousing and distribution facilities;
3.6(C) manufacturing facilities that are using innovative and state-of-the-art processes;
3.7and
3.8(D) capital investment of at least $9,000,000; and
3.9(3) the business subsidy agreement is executed after April 1, 2011, and before July
3.101, 2013.
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