SF 4723
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/26/2026 09:24 a.m.
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A bill for an act
relating to taxation; property; establishing exemption for an electric generation
facility; amending Minnesota Statutes 2024, section 272.02, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 272.02, is amended by adding a subdivision
to read:
new text begin Subd. 109. new text end
new text begin Electric generation facility; personal property. new text end
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(a) Notwithstanding
subdivision 9, paragraph (a), attached machinery and other personal property that is part of
an electric generation facility with more than 40 megawatts and less than 50 megawatts of
nominal installed capacity and that meets the requirements of this subdivision is exempt
from taxation and payments in lieu of taxation. The facility must:
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(1) be designed to utilize natural gas as a primary fuel;
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(2) be owned and operated by a municipal power agency as defined in section 453.52,
subdivision 8;
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(3) be located within 1,000 feet of an existing natural gas pipeline;
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(4) satisfy a resource deficiency identified in an integrated resource plan filed under
section 216B.2422;
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(5) be located outside the metropolitan area as defined under section 473.121, subdivision
2; and
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(6) have received, by resolution, the approval of the governing bodies of the city and
county in which the facility is located for the exemption of personal property provided by
this subdivision.
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(b) Construction of the facility must have been commenced after January 1, 2027, and
before January 1, 2030. 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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new text begin EFFECTIVE DATE. new text end
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This section is effective beginning with property taxes payable
in 2030.
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