HF 2744

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; property; exempting certain 
  1.3             attached machinery; amending Minnesota Statutes 2000, 
  1.4             section 272.02, by adding a subdivision. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 2000, section 272.02, is 
  1.7   amended by adding a subdivision to read: 
  1.8      Subd. 51.  [ELECTRIC GENERATION FACILITY PERSONAL 
  1.9   PROPERTY.] Notwithstanding subdivision 9, clause (a), attached 
  1.10  machinery and other personal property which is part of a 
  1.11  simple-cycle combustion-turbine electric generation facility of 
  1.12  more than 40 megawatts and less than 50 megawatts of installed 
  1.13  capacity and that meets the requirements of this subdivision is 
  1.14  exempt.  At the time of construction, the facility must: 
  1.15     (1) utilize natural gas as a primary fuel; 
  1.16     (2) be located within two miles of parallel existing 
  1.17  36-inch natural gas pipelines and an existing 115-kilovolt 
  1.18  high-voltage electric transmission line; 
  1.19     (3) be designed to provide peaking, emergency backup, or 
  1.20  contingency services; and 
  1.21     (4) satisfy a resource deficiency identified in an approved 
  1.22  integrated resource plan filed under section 216B.2422. 
  1.23     Construction of the facility must be commenced after 
  1.24  January 1, 2001, and before January 1, 2005.  Property eligible 
  1.25  for this exemption does not include electric transmission lines 
  2.1   and interconnections or gas pipelines and interconnections 
  2.2   appurtenant to the property or the facility. 
  2.3      [EFFECTIVE DATE.] This section is effective for the 2002 
  2.4   assessment and thereafter.