Minnesota: tax incentives, credits and advisors
Minnesota's state incentives include an assignable 25% film production credit, a refundable 25% angel investment credit and a partly refundable research credit.
Facts checked 2026-10-26 against the official sources linked below.
Below are the major Minnesota incentives we could verify against an official source, grouped by type. This is not an exhaustive list of every state program. Credits flagged Transferable can be sold or assigned to another taxpayer under state rules; see transferable state tax credits. Each row shows the date we last checked it.
Minnesota film and media incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Film production credit | Credit | Production companies spending at least $1 million in Minnesota in 12 consecutive months, approved by Explore Minnesota Film | Up to 25% of eligible production costs; about $25 million a year statewide; no awards for tax years after 2030 | Transferable: Yes; assignable to another taxpayer before any of it is claimed | Not stated | Active through 2030 | Minnesota DOR, Film Production Credit; Minn. Stat. 116U.27 Last verified 2026-10-26 |
Minnesota research and development incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Credit for increasing research activities | Credit | Businesses with qualified Minnesota research | See DOR; part of the current-year credit is refundable by election: 19.2% (2025), 25% (2026-2027) | Not stated | Partly | Active | Minnesota DOR, Credit for Increasing Research Activities Last verified 2026-10-26 |
Minnesota angel and venture investment incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Angel investment tax credit | Credit (refundable) | DEED-certified investors in qualified Minnesota small businesses | 25% of new investment, up to $125,000 ($250,000 married filing jointly) | Not stated | Yes | Active | Minnesota DOR, Angel Investment Tax Credit Last verified 2026-10-26 |
Advisors located in Minnesota
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Common questions
Can Minnesota film credits be sold?
Yes. Minnesota law lets a credit certificate be assigned to another taxpayer before any of it is claimed.
How much is the Minnesota angel tax credit?
25% of new investment, up to $125,000 for individuals and $250,000 for joint filers, and it is refundable.
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