As Minnesota lawmakers return to work in St. Paul, MHTA will pursue a legislative agenda focused on economic development and the state’s business climate. Initiatives include support for broadband expansion, the Angel Investor Tax Credit program and a comprehensive science and technology economic development strategy.
MHTA’s 2013 Legislative Agenda was recently approved by the association’s Executive Committee and will be reviewed by the Board of Directors at its February meeting. As with past agendas, it focuses on business climate, education and use of technology and innovation to deliver government services. You can review the full agenda and also read MHTA’s Public Policy Principles.
MHTA’s legislative agenda emphasizes a tax policy that encourages investment in new technology and related ideas by providing companies with incentives to perform research and deveolopment. It includes the following initiatives:
- Ensure that the Research and Development tax credit is increased to 10%
- Support increased funding for the Angel Investor Tax Credit programs – $44M for FY13-14
- Replace the state sales tax refund on capital equipment with an upfront exemption
- Enhance the existing tax incentives for qualified data centers. Clarify the definition of refurbishment in current law
- Preserve the Foreign Royalty Deduction which incentivizes companies to invest in R&D in the state and retain Minnesota’s role as a global player in the arena of technology and innovation.
The agenda also supports continued development of a science and technology economic development strategy for the state. Initiatives include funding for a Technology Development Fund, Business & ENtrepreneurial Acceleration Program, SBIR and STTR services as well as funding for SciTechsperience interns at small businesses.
MHTA’s government affairs committee meets regularly throughout the legislative session at the Capital complex.