as introduced - 92nd Legislature (2021 - 2022) Posted on 03/04/2021 02:40pm
A bill for an act
relating to taxation; property; modifying the calculation for wind energy and solar
energy production tax; proposing coding for new law in Minnesota Statutes, chapter
272.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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For purposes of Minnesota Rules, part 8100.0500, subpart
3, depreciation for wind and solar energy conversion systems qualifying as exempt property
and placed in service or repowered after December 31, 2019, shall be calculated using the
actual depreciation for those systems as stated on the books and records of the utility.
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The commissioner of revenue shall amend Minnesota Rules, part
8100.0500, subpart 3, to conform with subdivision 1. The commissioner may use the good
cause exemption under section 14.388, subdivision 1, clause (3), to adopt rules under this
section, and section 14.386, does not apply, except as provided under section 14.388.
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This section is effective the day following final enactment.
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