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Committee forwards bill modifying short-line railroad tax credit to Transportation Committee
Summary
Senate File 1046 would refine certification and transfer rules for the short-line improvement modernization (SLIM) tax credit; the committee voted to pass and refer the bill to the Transportation Committee, and Department of Revenue staff said they will work on administrability issues.
Senate File 1046, introduced by Senator Weber, would modify provisions of the short-line improvement modernization (SLIM) tax credit, including establishing a certification process by the Minnesota Department of Transportation and clarifying rules for transfer of the credit certificate. The Taxes Committee passed the bill and referred it to the Transportation Committee on Feb. 19.
Senator Weber said the changes are intended to define the credit…
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