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State by State Incentives Guide

Buisness Facilities Contributed Content

Private Activity Bond: Issued to finance construction and equipment purchases associated with industrial and manufacturing facilities, residential rental projects, facilities for the furnishing of water, sewage and solid waste facilities and more. Interest on private activity bonds may be exempt from federal income tax for most bondholders.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The credit is refundable for organizations that are exempt from federal income tax pursuant to section 501©(3) of the IRS Code. Open to qualified residential, commercial and industrial property owners in Minnesota, the program is funded through revenue bonds issued by participating local governments.

Income 75