SEED Capital Investment Credit

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.

To qualify, both of these 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)

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

To claim this credit, complete Schedule M1C, Other Nonrefundable Credits, entering the amount from your DEED credit certificate. Include the credit certificate and Schedule M1C when you file Form M1, Individual Income Tax.

For details, see SEED Capital Investment Program on the DEED website.