1.1 A bill for an act
1.2 relating to workforce development; establishing a private sector equipment training
1.3 opportunity program; requiring a report; appropriating money.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. PRIVATE SECTOR EQUIPMENT TRAINING OPPORTUNITY
1.6PROGRAM.
1.7 Subdivision 1.Program established.The private sector equipment training opportunity
1.8program is created to act as a catalyst to bring students with specific equipment training
1.9needs together with private sector businesses that possess the necessary equipment to fulfill
1.10those equipment training needs.
1.11 Subd. 2.Definitions.(a) For the purposes of this section, the following terms have the
1.12meanings given.
1.13 (b) "Area of employment need career course" means a course that will potentially lead
1.14to a career in an occupation identified in Minnesota Statutes, section 175.45, subdivision
1.151, or meet the definition in Minnesota Statutes, section 116L.99, subdivision 1, paragraph
1.16(d).
1.17 (c) "Commissioner" means the commissioner of employment and economic development.
1.18 (d) "Educational institution" includes:
1.19 (1) public high schools;
1.20 (2) public technical colleges;
1.21 (3) state community colleges;
1Section 1.
REVISOR SS/LJ 25-0309602/17/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2129
NINETY-FOURTH SESSION
Authored by Mekeland and McDonald03/10/2025
The bill was read for the first time and referred to the Committee on Workforce, Labor, and Economic Development Finance and Policy 2.1 (4) state universities; and
2.2 (5) the University of Minnesota.
2.3 (e) "Student" means a student currently enrolled in an educational institution.
2.4 Subd. 3.Duties.In facilitating the program, the commissioner shall:
2.5 (1) work with educational institutions to identify those area of employment need career
2.6courses that lack the training equipment necessary to educate students with equipment
2.7currently used in the profession; and
2.8 (2) identify and encourage private businesses that possess the equipment to participate
2.9in the equipment training opportunity program.
2.10 Subd. 4.Private sector equipment training tax credit.(a) A private sector business
2.11is allowed a credit against the tax due under Minnesota Statutes, chapter 290, equal to the
2.12amount it would cost to rent the equipment used to train students on the private market.
2.13 (b) The credit allowed to a private sector business under this subdivision for a taxable
2.14year is limited to the lesser of the following amounts:
2.15 (1) $.......; or
2.16 (2) the total amount of the cost of the equipment on the private market less depreciation.
2.17 (c) If the amount of credit which a claimant is eligible to receive under this subdivision
2.18exceeds the claimant's tax liability under Minnesota Statutes, chapter 290, the commissioner
2.19of revenue shall refund the excess to the claimant.
2.20 (d) For a nonresident or a part-year resident, the credit under this subdivision must be
2.21allocated based on the percentage calculated under Minnesota Statutes, section 290.06,
2.22subdivision 2c, paragraph (e).
2.23 (e) Credits granted to a partnership, a limited liability company taxed as a partnership,
2.24an S corporation, or multiple owners of property are passed through to the partners, members,
2.25shareholders, or owners, respectively, pro rata to each partner, member, shareholder, or
2.26owner based on their share of the entity's assets or as specially allocated in their
2.27organizational documents or any other executed agreement, as of the last day of the taxable
2.28year.
2.29 (f) An amount sufficient to pay the refunds required by this section is appropriated to
2.30the commissioner of revenue from the general fund.
2Section 1.
REVISOR SS/LJ 25-0309602/17/25 3.1 Subd. 5.Reporting.The commissioner must submit an annual report by December 31
3.2of each year regarding the equipment training opportunity program to the chairs and ranking
3.3minority members of the legislative committees with jurisdiction over employment and
3.4economic development policy and taxes. The first report is due no later than December 31,
3.52027. The annual report must describe the following:
3.6 (1) the number of students that participated in a private sector equipment training
3.7opportunity the previous calendar year;
3.8 (2) a list of courses and applicable occupations for which equipment training opportunities
3.9were provided;
3.10 (3) a list of businesses participating in the equipment training opportunity program;
3.11 (4) the amount of tax credits allowed to participating businesses; and
3.12 (5) a list of recommendations to the legislature regarding potential program improvements.
3.13 EFFECTIVE DATE.This section is effective the day following final enactment, except
3.14that subdivision 4 is effective for taxable years beginning after December 31, 2025, and
3.15before January 1, 2029.
3Section 1.
REVISOR SS/LJ 25-0309602/17/25