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