This tax credit is nonrefundable, meaning it can only reduce what you owe in Minnesota taxes and will not be issued as a tax refund. However, the asset owner may carry their tax credit forward for 15 years, and the beginning farmer may carry their tax credit forward for 3 years.

What if I can't use all of my tax credit?

This tax credit is nonrefundable, meaning it can only reduce what you owe in Minnesota taxes and will not be issued as a tax refund. However, the asset owner may carry their tax credit forward for 15 years, and the beginning farmer may carry their tax credit forward for 3 years.

No