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Last Updated: 5/4/2018

SEED Capital Investment Credit

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Individual Income Tax

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The SEED Capital Investment Credit Program is meant to promote innovative businesses in Minnesota border cities near North and South Dakota. If you invest in a qualifying business, you may qualify for a nonrefundable credit.

Do I qualify for this credit?

To qualify, both of the following must be true:
  • You invested in a business located in Breckenridge, Dilworth, East Grand Forks, Moorhead, or Ortonville.
  • The business is certified by the Minnesota Department of Employment and Economic Development (DEED).

How much is this credit?

The credit is equal to 45 percent of your amount invested in the business, up to $112,500 a year. You may carry the credit forward up to four years.

How do I claim this credit?

Complete Schedule M1C, Other Nonrefundable Credits. Enter the credit amount from your credit certificate from DEED. Include the credit certificate and Schedule M1C when you file your Minnesota return (Form M1, Individual Income Tax).