1.1                          A bill for an act 
  1.2             relating to taxation; extending the time for 
  1.3             qualifying for sales and property tax exemptions for 
  1.4             certain electric generating facilities; amending 
  1.5             Minnesota Statutes 2002, section 272.02, subdivision 
  1.6             53; Laws 2002, chapter 377, article 3, section 15. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 2002, section 272.02, 
  1.9   subdivision 53, is amended to read: 
  1.10     Subd. 53.  [ELECTRIC GENERATION FACILITY; PERSONAL 
  1.11  PROPERTY.] Notwithstanding subdivision 9, clause (a), attached 
  1.12  machinery and other personal property which is part of a 3.2 
  1.13  megawatt run-of-the-river hydroelectric generation facility and 
  1.14  that meets the requirements of this subdivision is exempt.  At 
  1.15  the time of construction, the facility must: 
  1.16     (1) utilize two turbine generators at a dam site existing 
  1.17  on March 31, 1994; 
  1.18     (2) be located on publicly owned land and within 1,500 feet 
  1.19  of a 13.8 kilovolt distribution substation; and 
  1.20     (3) be eligible to receive a renewable energy production 
  1.21  incentive payment under section 216C.41. 
  1.22     Construction of the facility must be commenced after 
  1.23  January 1, 2002, and before January 1, 2004 2005.  Property 
  1.24  eligible for this exemption does not include electric 
  1.25  transmission lines and interconnections or gas pipelines and 
  1.26  interconnections appurtenant to the property or the facility. 
  2.1      Sec. 2.  Laws 2002, chapter 377, article 3, section 15, the 
  2.2   effective date, is amended to read: 
  2.3      <b>[EFFECTIVE DATE.]</b> This section is effective for sales made 
  2.4   after August 31, 2002, and on or before December 31, 2003 2004.