HF 616

as introduced - 87th Legislature (2011 - 2012) Posted on 02/21/2011 09:55am

A bill for an act
relating to taxation; providing exemption from property taxation of personal
property of an electric generation facility; amending Minnesota Statutes 2010,
section 272.02, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2010, section 272.02, is amended by adding a
subdivision to read:

new text begin Subd. 95. new text end

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

new text begin (a) Notwithstanding
subdivision 9, clause (a), and section 453.54, subdivision 20, attached machinery and other
personal property that is part of a multiple reciprocating engine electric generation facility
that adds more than 20 and less than 30 megawatts of installed capacity at a site where
there is presently more than ten megawatts and fewer than 15 megawatts of installed
capacity and that meets the requirements of this subdivision is exempt from taxation and
from payments in lieu of taxation. 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) be owned and operated by a municipal power agency as defined in section
453.52, subdivision 8;
new text end

new text begin (3) be located within one mile of an existing natural gas pipeline;
new text end

new text begin (4) be designed to have black start capability and to furnish emergency backup
power service to the city in which it is located;
new text end

new text begin (5) satisfy a resource deficiency identified in an approved integrated resource plan
filed under section 216B.2422; and
new text end

new text begin (6) have received, by resolution, the approval of the governing bodies of the city
and county in which it is located for the exemption of personal property provided by
this subdivision.
new text end

new text begin (b) Construction of the facility must be commenced after December 31, 2011, and
before January 1, 2015. Property eligible for this exemption does not include (i) electric
transmission lines and interconnections or gas pipelines and interconnections appurtenant
to the property or the facility; or (ii) property located on the site on the enactment date
of this subdivision.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for assessments in 2012, taxes
payable in 2013, and thereafter.
new text end