HF 2317

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:01am

A bill for an act
relating to taxation; providing a personal property exemption for an electric
generation facility; amending Minnesota Statutes 2008, section 272.02, by
adding a subdivision.

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

Section 1.

Minnesota Statutes 2008, section 272.02, is amended by adding a
subdivision to read:

new text begin Subd. 90. new text end

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

new text begin Notwithstanding
subdivision 9, clause (a), attached machinery and other personal property which is part
of an electric generation facility that exceeds 150 megawatts of installed capacity, does
not exceed 780 megawatts of summer 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 five miles of at least two interstate natural gas pipelines;
new text end

new text begin (4) be located within one mile of an existing electrical transmission substation with
operating alternating current voltages including each of 115 kV, 345kV, and 500 kV;
new text end

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

new text begin (6) have executed an interconnection agreement with the Midwest Independent
System Operator that does not require the acquisition of more than one mile of new
electric transmission right-of-way within the county where the property is located.
new text end

new text begin Construction of the facility must be commenced after March 1, 2010, and before
March 1, 2014. 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 2009 and
thereafter, for taxes payable in 2010 and thereafter.
new text end