HF 4187

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; property tax exemption extension relating to an electric
generation facility; amending Minnesota Statutes 2006, section 272.02,
subdivision 84; Laws 2006, chapter 259, article 3, section 2.

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

Section 1.

Minnesota Statutes 2006, section 272.02, subdivision 84, is amended to read:

Subd. 84.

Electric generation facility; personal property.

Notwithstanding
subdivision 9, clause (a), attached machinery and other personal property which is part
of a 10.3 megawatt run-of-the-river hydroelectric generation facility and that meets the
requirements of this subdivision is exempt. At the time of construction, the facility must:

(1) utilize between 12 and 16 turbine generators at a dam site existing on March
31, 1994;

(2) be located on land within 3,000 feet of a 13.8 kilovolt distribution substation; and

(3) be eligible to receive a renewable energy production incentive payment under
section 216C.41.

Construction of the facility must be commenced after April 30, 2006, and before
January 1, deleted text begin 2009 deleted text end new text begin 2011 new text end . 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.

Sec. 2.

Laws 2006, chapter 259, article 3, section 2, the effective date, is amended to
read:

EFFECTIVE DATE.

This section is effective for sales and purchases made after
April 30, 2006, and on or before December 31, deleted text begin 2009 deleted text end new text begin 2010 new text end .