HF 1439

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; providing that certain personal 
  1.3             property at an electric generation facility is exempt 
  1.4             from taxation; amending Minnesota Statutes 2002, 
  1.5             section 272.02, by adding a subdivision. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 272.02, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 56.  [ELECTRIC GENERATION FACILITY PERSONAL 
  1.10  PROPERTY.] (a) Notwithstanding subdivision 9, clause (a), 
  1.11  attached machinery and other personal property which is part of 
  1.12  an electric generation facility that meets the requirements of 
  1.13  this subdivision is exempt.  The facility must: 
  1.14     (1) have a capacity of at least 250 megawatts when 
  1.15  completed; 
  1.16     (2) utilize coal and/or petroleum coke as a primary fuel; 
  1.17     (3) be located within ten miles of an existing rail line 
  1.18  and one or more electric transmission lines with a voltage of 
  1.19  115, 230, or 345 kilovolts; 
  1.20     (4) be designed to provide baseload energy; and 
  1.21     (5) be selected through a competitive bidding process 
  1.22  conducted by a Minnesota electric utility under section 
  1.23  216B.2422, subdivision 5, or have received a certificate of need 
  1.24  under section 216B.243. 
  1.25     (b) Construction of the facility must be commenced after 
  2.1   January 1, 2004, and before January 1, 2009.  Property eligible 
  2.2   for this exemption does not include electric transmission lines 
  2.3   and interconnections appurtenant to the property or the facility.
  2.4      [EFFECTIVE DATE.] This section is effective for taxes 
  2.5   assessed in 2005, payable in 2006, and thereafter.