1.1.................... moves to amend the ....... amendment (S0005A11) to S.F. No. 5,
1.2as amended, as follows:
1.3Page 1, after line 1, insert:
1.4"Page 1, delete article 1 and insert:


1.7    Section 1. Minnesota Statutes 2014, section 136A.101, subdivision 5a, is amended to
1.8read:
1.9    Subd. 5a. Assigned family responsibility. "Assigned family responsibility" means
1.10the amount of a family's contribution to a student's cost of attendance, as determined by a
1.11federal need analysis. For dependent students, the assigned family responsibility is 96 75
1.12percent of the parental contribution. For independent students with dependents other than
1.13a spouse, the assigned family responsibility is 86 70 percent of the student contribution.
1.14For independent students without dependents other than a spouse, the assigned family
1.15responsibility is 50 34 percent of the student contribution.
1.16EFFECTIVE DATE.This section is effective July 1, 2015.

1.17    Sec. 2. [290.0684] STUDENT LOAN CREDIT.
1.18    Subdivision 1. Definitions. (a) For purposes of this section, the following terms
1.19have the meanings given.
1.20    (b) "Eligible individual" means an individual who has one or more qualified
1.21education loans related to an undergraduate or graduate degree program at a postsecondary
1.22educational institution.
1.23    (c) "Modified adjusted gross income" has the meaning given in section 221(b)(2)(C)
1.24of the Internal Revenue Code.
2.1    (d) "Postsecondary educational institution" means a postsecondary institution that is
2.2located in this state and is eligible for state student aid under section 136A.103.
2.3    (e) "Qualified education loan" has the meaning given in section 221 of the Internal
2.4Revenue Code, but is limited to indebtedness incurred on behalf of the eligible individual
2.5or the eligible individual's spouse.
2.6    Subd. 2. Credit allowed; limitation. (a) An eligible individual or the parent of an
2.7eligible individual is allowed a credit against the tax due under this chapter.
2.8    (b) The credit for an eligible individual equals the lesser of:
2.9    (1) the amount the eligible individual paid during the taxable year to pay principal
2.10and interest on qualified education loans; or
2.11    (2) the maximum credit as determined under paragraph (d).
2.12    (c) The credit for the parent of an eligible individual equals the lesser of:
2.13    (1) the amount the parent of the eligible individual paid during the taxable year to
2.14pay principal and interest on qualified education loans of the eligible individual; or
2.15    (2) the maximum credit as determined under paragraph (d), less the amount of credit
2.16allowed to the eligible individual under paragraph (b).
2.17    (d) The maximum credit is $5,000, subject to the income-based phaseout provided in
2.18this paragraph. For married couples filing joint returns, the maximum credit is reduced
2.19by $1 for every $6 of modified adjusted gross income in excess of $130,000. For all
2.20other filers, the maximum credit is reduced by $1 for every $3 of modified adjusted gross
2.21income in excess of $65,000. In no case is the maximum credit less than zero.
2.22(e) For a nonresident or part-year resident, the credit must be allocated based on the
2.23percentage calculated under section 290.06, subdivision 2c, paragraph (e).
2.24    Subd. 3. Credit refundable. If the amount of credit that an individual is eligible
2.25to receive under this section exceeds the individual's tax liability under this chapter, the
2.26commissioner shall refund the excess to the individual.
2.27    Subd. 4. Appropriation. An amount sufficient to pay the refunds required by this
2.28section is appropriated to the commissioner from the general fund.
2.29EFFECTIVE DATE.This section is effective for taxable years beginning after
2.30December 31, 2014.

2.31    Sec. 3. MINNESOTA STATE COLLEGES AND UNIVERSITIES; TUITION
2.32FREEZE.
2.33(a) $42,300,000 is appropriated in fiscal year 2016 and $85,500,000 is appropriated in
2.34fiscal year 2017 to the Board of Trustees of the Minnesota State Colleges and Universities
2.35for student tuition relief. The Board of Trustees may not set the tuition rate in any
3.1undergraduate degree-granting program for the 2015-2016 and 2016-2017 academic years
3.2at a rate greater than the 2014-2015 academic year rate. The student tuition relief may not
3.3be offset by increases in mandatory fees, charges, or other assessments to the student.
3.4(b) To the extent that the appropriations under this section are insufficient, the Board
3.5of Trustees shall fund the remainder of the student tuition relief through reductions in
3.6costs associated with central administration of the system and executive administration of
3.7individual campuses, or through reallocation of nonstate funds. Tuition relief may not be
3.8funded through reduction in any program or service that directly impacts students.

3.9    Sec. 4. UNIVERSITY OF MINNESOTA; TUITION FREEZE.
3.10(a) $19,350,000 is appropriated in fiscal year 2016 and $39,330,000 is appropriated
3.11in fiscal year 2017 to the Board of Regents of the University of Minnesota for student
3.12tuition relief. The Board of Regents is requested to maintain the Minnesota resident
3.13undergraduate and graduate tuition rates for the 2015-2016 and 2016-2017 academic years
3.14at the 2014-2015 academic year rate, and is also requested to not offset the tuition relief by
3.15increases in mandatory fees, charges, or other assessments to the student.
3.16(b) To the extent that the appropriations under this section are insufficient, the
3.17Board of Regents is requested to fund the remainder of the student tuition relief through
3.18reductions in costs associated with central administration of the university and executive
3.19administration of individual campuses, or through reallocation of nonstate funds. The
3.20Board of Regents is requested to not fund tuition relief through reduction in any program
3.21or service that directly impacts students.

3.22    Sec. 5. STATE GRANT TUITION CAPS; LIVING AND MISCELLANEOUS
3.23EXPENSE ALLOWANCE.
3.24(a) For the purposes of the state grant program under Minnesota Statutes, section
3.25136A.121, for the biennium ending June 30, 2017, the tuition maximum is $13,000 each
3.26fiscal year of the biennium for students in four-year programs and $5,808 each fiscal year
3.27of the biennium for students in two-year programs.
3.28(b) The living and miscellaneous expense allowance for the state grant program
3.29under Minnesota Statutes, section 136A.121, for the biennium ending June 30, 2017, is set
3.30at $9,000 for fiscal year 2016 and $9,000 for fiscal year 2017.
3.31EFFECTIVE DATE.This section is effective July 1, 2015.

3.32    Sec. 6. APPROPRIATION; STUDENT LOAN REFINANCING PROGRAM.
4.1(a) $5,000,000 in fiscal year 2016 and $5,000,000 in fiscal year 2017 are
4.2appropriated from the general fund to the commissioner of higher education to provide
4.3additional funding for the pilot refinancing student loan program authorized under
4.4Minnesota Statutes, section 136A.1704. The commissioner shall use the appropriation
4.5under this section to reduce the interest rate on the refinancing loans issued under the pilot
4.6refinancing student loan program. This appropriation is available until expended.
4.7(b) The commissioner shall report to the legislative committees with jurisdiction
4.8over higher education policy and finance by February 15, 2016, on the use of the additional
4.9funding under this section. The commissioner shall demonstrate how the money is being
4.10used to offer refinancing loans at a lower interest rate than would otherwise be possible
4.11without the additional funding.

4.12    Sec. 7. OFFICE OF HIGHER EDUCATION; SEXUAL ASSAULT REPORTING;
4.13APPROPRIATIONS.
4.14$25,000 in fiscal year 2016 and $25,000 in fiscal year 2017 are appropriated from the
4.15general fund to the commissioner of higher education for sexual assault reporting required
4.16under Minnesota Statutes, section 135A.15.

4.17    Sec. 8. MNSCU; SEXUAL ASSAULT POLICIES; APPROPRIATIONS.
4.18$40,000 in fiscal year 2016 and $40,000 in fiscal year 2017 are appropriated from the
4.19general fund to the Board of Trustees of the Minnesota State Colleges and Universities to
4.20implement the sexual assault policies required under Minnesota Statutes, section 135A.15.
4.21This is a onetime appropriation."