HF 2481

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; extending an exemption from 
  1.3             property taxation for certain electric generation 
  1.4             facilities; amending Minnesota Statutes 2003 
  1.5             Supplement, section 272.02, subdivision 56. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2003 Supplement, section 
  1.8   272.02, subdivision 56, is amended to read: 
  1.9      Subd. 56.  [ELECTRIC GENERATION FACILITY; PERSONAL 
  1.10  PROPERTY.] (a) Notwithstanding subdivision 9, clause (a), 
  1.11  attached machinery and other personal property which is part of 
  1.12  a combined-cycle combustion-turbine electric generation facility 
  1.13  that exceeds 550 300 megawatts of installed capacity and that 
  1.14  meets the requirements of this subdivision is exempt.  At the 
  1.15  time of construction, the facility must: 
  1.16     (1) be designed to utilize natural gas as a primary fuel; 
  1.17     (2) not be owned by a public utility as defined in section 
  1.18  216B.02, subdivision 4; 
  1.19     (3) be located within five miles of an existing natural gas 
  1.20  pipeline and within four miles of an existing electrical 
  1.21  transmission substation; 
  1.22     (4) be located outside the metropolitan area as defined 
  1.23  under section 473.121, subdivision 2; and 
  1.24     (5) be designed to provide energy and ancillary services 
  1.25  and have received a certificate of need under section 216B.243. 
  2.1      (b) Construction of the facility must be commenced after 
  2.2   January 1, 2004, and before January 1, 2007, except that 
  2.3   property eligible for this exemption includes any expansion of 
  2.4   the facility that also meets the requirements of paragraph (a), 
  2.5   clauses (1) to (5), without regard to the date that construction 
  2.6   of the expansion commences.  Property eligible for this 
  2.7   exemption does not include electric transmission lines and 
  2.8   interconnections or gas pipelines and interconnections 
  2.9   appurtenant to the property or the facility. 
  2.10     [EFFECTIVE DATE.] This section is effective for taxes 
  2.11  levied in 2005, payable in 2006, and thereafter.