This Minnesota Senate bill (S.F. No. 2374) makes multiple modifications to the state's tax system, affecting individual income taxes, corporate franchise taxes, property taxes, and local government aids. Key provisions include:

• Tax Credit Revisions: Repeals the assignability of the education credit and makes the research credit partially refundable.
• Short Line Railroad & Airline Tax Adjustments: Modifies transfer provisions of the short line railroad credit and changes tax rules related to airline flight property.
• Property Tax Modifications: Updates tax treatment for attachments, appurtenances, and leased tax-exempt property.
• Sales & Use Tax: Lowers the sales and use tax rate but expands the tax base to include certain professional services.
• Sustainable Forest Incentive Act: Alters payment calculations under this program.
• Local Government & Cannabis Taxes: Repeals local government cannabis aid and eliminates partial cannabis tax revenue dedication.
• Aquatic Invasive Species Prevention Fund: Reduces funding for this initiative.
• Administrative Changes: Cancels certain amounts, clarifies existing tax language, and requires a report.

The bill amends various provisions of Minnesota Statutes and repeals select sections, indicating a broader tax system overhaul. It also introduces tax incentives for sustainable aviation fuel production.