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HF 2689

Introduction - 83rd Legislature (2003 - 2004)

Posted on 12/15/2009 12:00 a.m.

KEY: stricken = removed, old language.
underscored = added, new language.
  1.1                          A bill for an act 
  1.2             relating to taxation; prohibiting amendment of 
  1.3             existing rules and adoption of new rules for 
  1.4             determination of the value of electric utility 
  1.5             property. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [PROHIBITION ON ADOPTION OF RULES FOR VALUATION 
  1.8   OF ELECTRIC UTILITY PROPERTY.] 
  1.9      Before July 1, 2005, the Department of Revenue shall not 
  1.10  amend existing rules or adopt new rules that prescribe the 
  1.11  method of valuing property of electric utilities.