1st Engrossment - 88th Legislature (2013 - 2014) Posted on 02/21/2013 08:54am
Engrossments | ||
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Introduction | Posted on 02/04/2013 | |
1st Engrossment | Posted on 02/20/2013 |
A bill for an act
relating to taxation; property; providing that certain personal property of electric
generation facilities is exempt; amending Minnesota Statutes 2012, section
272.02, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2012, section 272.02, is amended by adding a
subdivision to read:
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(a) Notwithstanding
subdivision 9, clause (a), and section 453.54, subdivision 20, attached machinery and
other personal property which is part of an electric generation facility that exceeds five
megawatts of installed capacity and meets the requirements of this subdivision is exempt.
At the time of construction, the facility must be:
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(1) designed to utilize natural gas as a primary fuel;
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(2) owned and operated by a municipal power agency as defined in section 453.52,
subdivision 8;
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(3) designed to utilize reciprocating engines paired with generators to produce
electrical power;
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(4) located within the service territory of a municipal power agency's electrical
municipal utility that serves load exclusively in a metropolitan county as defined in
section 473.121, subdivision 4; and
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(5) designed to connect directly with a municipality's substation.
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(b) Construction of the facility must be commenced after June 1, 2013, and before
June 1, 2017. 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.
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This section is effective for assessment year 2013, taxes
payable in 2014, and thereafter.
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