Enterprise Zone Credit

The Enterprise Zone Credit is a refundable credit for sole proprietors, partners, or S corporation shareholders.

To qualify, a business must be a source of new investment, development, or job creation in a designated enterprise zone. You will receive paperwork from the Department of Employment and Economic Development (DEED) if you qualify for the credit.

To claim the credit:

• For tax years 2019 and later, complete Schedule M1REF, Refundable Credits.
• For tax years 2018 and earlier, complete Schedule M1B, Business and Investment Credits. If you need a prior-year form, go to Find a Form.

Include the appropriate Minnesota schedule and a copy of your DEED paperwork with Form M1, Individual Income Tax.

For more information, see Minnesota Statute 469.171 or visit the DEED website.