Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
State of Minnesota
S.F. No. 1639 - Historic structure rehabilitation credit modification
Author: Senator David H. Senjem
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
Date: April 1, 2019


The Tax Cuts and Jobs Act modified the federal historic structure rehabilitation credit by requiring the credit amount to be spread over five years. This bill would explicitly provide that the Minnesota historic structure rehabilitation credit must be allowed in full in the taxable year the qualified building is placed in service. Under current law, credit recipients may assign the credit to another taxpayer. The bill makes this provision applicable a subsequent assignee of the credit. Also under current law, the credit is set to sunset after fiscal year 2021 but the state historic preservation office may issue credit certificates for allocations issued before fiscal year 2022. The bill repeals the credit sunset. Effective beginning in tax year 2019.

Check on the status of this bill
Back to Senate Counsel and Research Bill Summaries page

This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
Last review or update: 04/01/2019
If you see any errors on this page, please e-mail us at