Minnesota § 469.3181 - CREATE AUTOMOTIVE RECOVERY JOBS CREDIT
Full text of Minnesota Minnesota Statutes § 469.3181 — CREATE AUTOMOTIVE RECOVERY JOBS CREDIT, with citation guidance and answers to common questions.
§ 469.3181. CREATE AUTOMOTIVE RECOVERY JOBS CREDIT
Subdivision 1.Credit allowed.
(a) A qualified business located in a create automotive recovery zone is allowed a credit against the tax imposed under chapter 290 equal to $2,500 times the number of full-time equivalent employees receiving wages from the qualified business for working at the facility during the taxable year. The qualified business is allowed an additional credit equal to $1,000 times the number of full-time equivalent employees receiving wages from the qualified business for working at the facility during the taxable year in excess of 750 employees.
(b) For purposes of this section, "employee" and "wages" have the meanings given them in section 290.92, subdivisions 1 and 3.
(c) For purposes of this section, "full-time equivalent employees" means the equivalent of annualized expected hours of work equal to 2,080 hours.
Subd. 2.Refundable.
If the amount of the credit exceeds the liability for tax under chapter 290, the commissioner of revenue shall refund the excess to the qualified business.
Subd. 3.Appropriation.
An amount sufficient to pay the refunds authorized by this section is appropriated to the commissioner of revenue from the general fund.
Subd. 4.Manner of claiming credit.
The commissioner shall prescribe the manner in which the credit may be issued or claimed. This may include allowing the credit only as a separately processed claim for refund.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 469.3181
What does Minnesota Statutes § 469.3181 cover?
Section 469.3181 ("CREATE AUTOMOTIVE RECOVERY JOBS CREDIT") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 469.3181?
A common citation format is "Minnesota Statutes § 469.3181" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 469.3181 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.