| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to taxation; property; providing a property tax exemption for an electric |
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| 3 | 3 | | 1.3 generation facility; amending Minnesota Statutes 2024, section 272.02, by adding |
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| 4 | 4 | | 1.4 a subdivision. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. Minnesota Statutes 2024, section 272.02, is amended by adding a subdivision |
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| 7 | 7 | | 1.7to read: |
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| 8 | 8 | | 1.8 Subd. 106.Electric generation facility; personal property.(a) Notwithstanding |
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| 9 | 9 | | 1.9subdivision 9, clause (a), attached machinery and other personal property that are part of |
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| 10 | 10 | | 1.10an electric generation facility with more than 40 megawatts and less than 50 megawatts of |
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| 11 | 11 | | 1.11installed capacity and that meet the requirements of this subdivision are exempt from taxation |
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| 12 | 12 | | 1.12and payments in lieu of taxation. The facility must: |
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| 13 | 13 | | 1.13 (1) be designed to utilize natural gas as a primary fuel; |
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| 14 | 14 | | 1.14 (2) be owned and operated by a municipal power agency as defined in section 453.52, |
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| 15 | 15 | | 1.15subdivision 8; |
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| 16 | 16 | | 1.16 (3) be located within 1,000 feet of an existing natural gas pipeline; |
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| 17 | 17 | | 1.17 (4) satisfy a resource deficiency identified in an integrated resource plan filed under |
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| 18 | 18 | | 1.18section 216B.2422; |
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| 19 | 19 | | 1.19 (5) be located outside of the metropolitan area as defined in section 473.121, subdivision |
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| 20 | 20 | | 1.202; and |
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| 21 | 21 | | 1Section 1. |
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| 22 | 22 | | 25-03631 as introduced02/18/25 REVISOR MS/AC |
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| 23 | 23 | | SENATE |
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| 24 | 24 | | STATE OF MINNESOTA |
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| 25 | 25 | | S.F. No. 2615NINETY-FOURTH SESSION |
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| 26 | 26 | | (SENATE AUTHORS: JASINSKI and Frentz) |
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| 27 | 27 | | OFFICIAL STATUSD-PGDATE |
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| 28 | 28 | | Introduction and first reading03/17/2025 |
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| 29 | 29 | | Referred to Taxes 2.1 (6) have received, by resolution, the approval of the governing bodies of the city and |
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| 30 | 30 | | 2.2county in which the facility is located for the exemption of personal property provided in |
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| 31 | 31 | | 2.3this subdivision. |
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| 32 | 32 | | 2.4 (b) Construction of the facility must have commenced after January 1, 2026, and before |
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| 33 | 33 | | 2.5January 1, 2028. Property eligible for this exemption does not include electric transmission |
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| 34 | 34 | | 2.6lines and interconnections or gas pipelines and interconnections appurtenant to the property |
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| 35 | 35 | | 2.7or the facility. |
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| 36 | 36 | | 2.8 EFFECTIVE DATE.This section is effective beginning with property taxes payable |
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| 37 | 37 | | 2.9in 2029. |
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| 38 | 38 | | 2Section 1. |
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| 39 | 39 | | 25-03631 as introduced02/18/25 REVISOR MS/AC |
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