HF 3013

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; property; providing for the 
  1.3             valuation and classification of land on which energy 
  1.4             conversion systems are located; amending Minnesota 
  1.5             Statutes 2002, section 272.02, subdivision 22. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 272.02, 
  1.8   subdivision 22, is amended to read: 
  1.9      Subd. 22.  [WIND ENERGY CONVERSION SYSTEMS.] All real and 
  1.10  personal property of a wind energy conversion system as defined 
  1.11  in section 272.029, subdivision 2, is exempt from property tax 
  1.12  except that the land on which the property is located remains 
  1.13  taxable.  The value of the land on which the wind energy 
  1.14  conversion system is located shall not be increased or 
  1.15  decreased, but shall be valued in the same manner as similar 
  1.16  land that has not been improved with a wind energy conversion 
  1.17  system.  The land shall be classified based on the most probable 
  1.18  use of the property if it were not improved with a wind energy 
  1.19  conversion system. 
  1.20     [EFFECTIVE DATE.] This section is effective for assessment 
  1.21  year 2004 and thereafter, for taxes payable in 2005 and 
  1.22  thereafter.