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HF 1286

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 02/24/2005

Current Version - as introduced

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A bill for an act
relating to utilities; establishing geothermal energy
incentives; amending Minnesota Statutes 2004, section
297A.67, by adding a subdivision; proposing coding for
new law in Minnesota Statutes, chapter 216B.

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

Section 1.

new text begin [216B.2426] GEOTHERMAL INCENTIVE.
new text end

new text begin Subdivision 1. new text end

new text begin Credit. new text end

new text begin Each public utility, as defined
in section 216B.02, shall offer each of its customers a minimum
onetime credit of $200 per ton for geothermal heating and
cooling equipment purchased after June 30, 2005. For purposes
of this section, "ton" is a term used by the heating and cooling
industry referring to the cooling power of a ton of ice.
new text end

new text begin Subd. 2.new text end

new text beginQuarterly notice.new text end

new text beginEach public utility shall
inform its customers four times per year (1) that geothermal
energy can substantially reduce their heating bills and carbon
dioxide emissions and (2) that the incentive to purchase
geothermal heating and cooling equipment is available under this
section and a sales tax credit is available under section
297A.67, subdivision 32, when geothermal equipment is purchased.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales,
purchases, and installations occurring on and after July 1, 2005.
new text end

Sec. 2.

Minnesota Statutes 2002, section 297A.67, is
amended by adding a subdivision to read:


new text begin Subd. 32.new text end

new text beginGeothermal equipment.new text end

new text beginThe loop field
collection system, the heat pump, and charges for installation
of geothermal heating and cooling systems are exempt.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales,
purchases, and installations occurring on and after July 1, 2005.
new text end