The Enterprise Zone Credit is a refundable credit for sole proprietors, partners, or S corporation shareholders.
Do I qualify for this credit?
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 to claim the credit.
How do I claim this credit?
Include the appropriate Minnesota schedule and a copy of your paperwork from DEED with Form M1, Individual Income Tax.
For more information, see Minnesota Statute 469.171 or visit the DEED website.