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Committee advances cleanup to short-line railroad tax credit allowing MnDOT certificates for credits
Summary
Senate File 1046 would clarify how short-line railroads receive certificates from MnDOT to claim or transfer a short-line infrastructure modernization tax credit; the Transportation Committee recommended the bill pass and be referred to the Taxes Committee by voice vote.
Sen. Weber brought Senate File 1046 to the Minnesota Senate Transportation Committee on March 10, 2025, seeking to clarify MnDOT's role in issuing credit certificates required for short-line railroad infrastructure tax credits.
The bill revises statutory language to ensure an eligible taxpayer may receive a certificate from the commissioner of transportation, which the taxpayer can then use with the Department of Revenue to claim or transfer the credit. Sen. Weber described the changes as technical and…
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