new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For purposes of this section, the following terms
have the meanings given.
new text end

new text begin (b) "Tree-planting expenses" means the cost to the individual of purchasing and
planting a qualifying tree.
new text end

new text begin (c) "Qualifying tree" means a tree of a variety recommended for planting in the
region of the state in which the individuala??s homestead is located, on a list maintained by
the University of Minnesota Forest Resources Extension service.
new text end

new text begin (d) "Homestead" has the meaning given in section 290A.03, subdivision 6.
new text end

new text begin Subd. 2. new text end

new text begin Credit. new text end

new text begin An individual is allowed a credit against the tax imposed by this
chapter for tree-planting expenses paid during the tax year. The credit equals 25 percent of
tree-planting expenses for each qualifying tree planted on the individuala??s homestead. The
maximum credit allowed per year is $100 for each qualifying tree, for no more than two
qualifying trees planted on each homestead, regardless of the number of individuals who
may claim the property as a homestead. For a nonresident or part-year resident, the credit
determined under this section must be allocated based on the percentage calculated under
section 290.06, subdivision 2c, paragraph (e).
new text end

new text begin Subd. 3. new text end

new text begin Credit refundable. new text end

new text begin If the amount of credit which the claimant is eligible
to receive under this section exceeds the claimant's tax liability under this chapter, the
commissioner shall refund the excess to the claimant.
new text end

new text begin Subd. 4. new text end

new text begin Appropriation. new text end

new text begin An amount sufficient to pay the refunds required by this
section is appropriated to the commissioner from the general fund.
new text end