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SF 2091

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 04/01/2005

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5 1.6
1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10
2.11

A bill for an act
relating to taxation; property; providing that certain
personal property of an electric generation facility
is exempt; amending Minnesota Statutes 2004, section
272.02, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2004, section 272.02, is
amended by adding a subdivision to read:


new text begin Subd. 68.new text end

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

new text begin (a) Notwithstanding subdivision 9, clause (a),
attached machinery and other personal property which is part of
either a simple-cycle, combustion-turbine electric generation
facility, or a combined-cycle, combustion-turbine electric
generation facility that does not exceed 325 megawatts of
installed 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) utilize either a simple-cycle or a combined-cycle
combustion-turbine generator fueled by natural gas;
new text end

new text begin (2) be connected to an existing 115-kilovolt high-voltage
electric transmission line that is within one mile of the
facility;
new text end

new text begin (3) be located on an underground natural gas storage
aquifer;
new text end

new text begin (4) be designed as either a peaking or intermediate load
facility; and
new text end

new text begin (5) have received, by resolution, the approval from the
governing body of the county for the exemption of personal
property under this subdivision.
new text end

new text begin (b) Construction of the facility must be commenced after
January 1, 2006, and before January 1, 2008. 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 2005, taxes payable in 2006, and thereafter.
new text end