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Biosciences and Emerging Technology

SIXTEENTH MEETING

2007-2008 Regular Session - March 13, 2007

STATE OF MINNESOTA SIXTEENTH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-FIFTH SESSION

BIOSCIENCES AND EMERGING TECHNOLOGIES COMMITTEE

MINUTES


Representative Tim Mahoney, Chair of the Committee, called the meeting to order at 10:03AM on March 13, 2007 in Room 200 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:

MAHONEY, Tim (Chair)
NORTON, Kim (Vice Chair)
BEARD, Michael
BERNS, John
HAWS, Larry
MASIN, Sandra
PEPPIN, Joyce
RUTH, Connie
THISSEN, Paul
WINKLER, Ryan

Members excused:

BUNN, Julie

A quorum was present.

HF 1747 (Davnie), a bill for an act relating to taxation; providing for an income tax credit for investments in qualified business ventures in Minnesota;

Representative Davnie presented HF 1747.

Testifying in support of the bill:

Linda Sandvig, LifeScience Alley
Don Gerhardt, CEO, LifeScience Alley
Doug Johnson, Director, University of Minnesota Venture Center
Kevin Roche, Roche Consulting
Curt Kinghorn, CEO, Anoka Biomedical, Inc.
Robert Keller, President, Silicon Informatics


Representative Ruth moved that the minutes from March 7, 2007 be adopted. THE MOTION PREVAILED.

The meeting was adjourned at 11:07AM.


Rep. Tim Mahoney, Chair



Autumn Williams-Wussow
Committee Legislative Assistant
More Info On This Meeting..

HF1747 (Davnie) Qualified business ventures investment income tax credit provided. (Informational Hearing)
Presentation about Venture Capital