469.315 TAX INCENTIVES AVAILABLE IN ZONES. Qualified businesses that operate in a job opportunity building zone, individuals who invest in a qualified business that operates in a job opportunity building zone, and property located in a job opportunity building zone qualify for: (1) exemption from individual income taxes as provided under section 469.316; (2) exemption from corporate franchise taxes as provided under section 469.317; (3) exemption from the state sales and use tax and any local sales and use taxes on qualifying purchases as provided in section 297A.68, subdivision 37; (4) exemption from the state sales tax on motor vehicles and any local sales tax on motor vehicles as provided under section 297B.03; (5) exemption from the property tax as provided in section 272.02, subdivision 64; (6) exemption from the wind energy production tax under section 272.029, subdivision 7; and (7) the jobs credit allowed under section 469.318, except that a qualified business located in a create automotive recovery zone is not eligible for the credit under section 469.318 but is eligible for the credit under section 469.3181. History: 1Sp2003 c 21 art 1 s 20; 2010 c 216 s 42
Minnesota Legal Code