• Political consulting • Leisure • Hospitality • Professional services provided by attorneys, accountants, business consultants, physicians, or health care consultants Research and Development Tax Credit Contact Minnesota Department of Revenue 651-556-3075 | businessincome.tax@state.mn.us Companies that engage in certain research and development (R&D) activities in Minnesota may qualify for the Credit for Increasing Research Activities. The R&D credit is equal to 10 percent of qualifying expenses up to $2 million, and 4 percent for expenses above that level. Qualifying expenses are the same as for the federal R&D credit - defined in Section 41 of the Internal Revenue Code - but must be for research done in Minnesota.
Border-Cities Enterprise Zone Program BorderCities.DEED@state.mn.us
Border-Cities Enterprise Zone Program provides business tax credits (property tax credits, debt financing credit on new construction, sales tax credit on construction equipment and materials, and new or existing employee credits) to qualifying businesses that are the source of investment, development, and job creation or retention in the Border-Cities Enterprise Zone cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, Ortonville, and the Development Zone of Taylors Falls. Eligibility Businesses locating or existing in those cities are eligible, excluding a recreation or entertainment facility, one owned by a fraternal or veteran's organization, one owned by a public utility, one used in operation of a financial institution, or one owned by a retail food or beverage service business operating under a franchise agreement requiring the business to be located in the state.
SEED Capital Investment Credit Program bordercities.deed@state.mn.us
The SEED Capital Investment Program provides tax incentives for investing in innovative business located in the Minnesota border cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, and Ortonville. Eligibility To be eligible, a company must: • Add value to a product, process or service • Increase revenue to a Minnesota business through sales to customers outside Minnesota or through sales to new customers who previously could not purchase the product or service from a Minnesota business
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