HF 578

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; property; exempting certain
property of an electric generation facility; amending
Minnesota Statutes 2004, section 272.02, by adding a
subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 272.02, is
amended by adding a subdivision to read:

new text begin Subd. 68. new text end

new text begin Electric generation facility; personal
property. new text end

new text begin (a) Notwithstanding subdivision 9, clause (a),
attached machinery and other personal property which is part of
a simple-cycle combustion-turbine electric generation facility
that exceeds 290 megawatts of installed capacity and that meets
the requirements of this subdivision is exempt. At the time of
construction, the facility must:
new text end

new text begin (1) be designed to utilize natural gas as a primary fuel;
new text end

new text begin (2) not be owned by a public utility as defined in section
216B.02, subdivision 4;
new text end

new text begin (3) be located within 15 miles of the mainline existing
interstate natural gas pipeline and within five miles of an
existing electrical transmission substation;
new text end

new text begin (4) be located outside the metropolitan area as defined
under section 473.121, subdivision 2; and
new text end

new text begin (5) be designed to provide peaking capacity energy and
ancillary services and have satisfied all of the requirements
under section 216B.243.
new text end

new text begin (b) Construction of the facility must be commenced after
January 1, 2005, and before January 1, 2009. Property eligible
for this exemption does not include electric transmission lines
and interconnections or gas pipelines and interconnections
appurtenant to the property or the facility.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for assessment
year 2006, taxes payable in 2007, and thereafter.
new text end