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SF 161

as introduced - 88th Legislature (2013 - 2014) Posted on 02/08/2013 08:54am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
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2.3 2.4

A bill for an act
 relating to taxation; property; providing that certain personal property of electric
generation facilities is exempt; amending Minnesota Statutes 2012, section
272.02, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2012, section 272.02, is amended by adding a
subdivision to read:


new text begin Subd. 98. new text end

new text begin Electric generation facility; personal property. new text end

new text begin (a) Notwithstanding
subdivision 9, clause (a), and section 453.54, subdivision 20, attached machinery and
other personal property which is part of an electric generation facility that exceeds five
megawatts of installed capacity and meets the requirements of this subdivision is exempt.
At the time of construction, the facility must be:
 new text end

new text begin (1) designed to utilize natural gas as a primary fuel;
 new text end

new text begin (2) owned and operated by a municipal power agency as defined in section 453.52,
subdivision 8;
 new text end

new text begin (3) designed to utilize reciprocating engines paired with generators to produce
electrical power;
 new text end

new text begin (4) located within the service territory of a municipal power agency's electrical
municipal utility that serves load exclusively in a metropolitan county as defined in
section 473.121, subdivision 4; and
 new text end

new text begin (5) designed to consume all electric output within the municipality's service territory
on which the electricity is generated.
 new text end

new text begin (b) Construction of the facility must be commenced after June 1, 2013, and before
June 1, 2017. 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.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for assessment year 2013, taxes
payable in 2014, and thereafter.
 new text end