The proposed bill, SF No 519, aims to support the aerospace and aviation sectors in Minnesota by introducing tax credits. These credits are designed for two main groups: graduates from aerospace and aviation-related educational programs and their employers.

1. Graduate Credit: Graduates who get jobs in the aerospace or aviation sectors can receive a tax credit of $5,000 each year for the first five years of employment. This credit is meant to help alleviate their tax liabilities.

2. Employer Credits:

   • Tuition Reimbursement Credit: Employers who pay for their employees' tuition can get a tax credit worth 50% of the amount paid, up to a certain limit. This is available for the first five years of the employee’s employment.
   • Compensation Credit: Employers also receive a tax credit of 10% of the compensation paid to eligible employees, up to $15,000 per employee each year, for the first five years of employment.

The tax credits are designed to stimulate growth and employment in the aviation and aerospace sectors by easing the financial burdens on both newly trained workers and their employers. It also includes provisions for reporting on the effectiveness and cost of these credits, with an expiration date set for the program at the end of 2034.