SF 952

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; providing that certain personal
property of an electric generation facility is exempt
from property taxation; amending Minnesota Statutes
2004, section 272.02, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2004, section 272.02, is
amended by adding a subdivision to read:

new text begin Subd. 68. new text end

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

new text begin (a) Notwithstanding subdivision 9, clause (a),
attached machinery and other personal property which is part of
a simple-cycle combustion-turbine electric generation facility
that exceeds 150 megawatts of installed capacity and that meets
the requirements of this subdivision is exempt. At the time of
construction, the facility must:
new text end

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

new text begin (2) be owned by an electric generation and transmission
cooperative;
new text end

new text begin (3) be located within five miles of parallel existing
12-inch and 16-inch natural gas pipelines and a 69-kilovolt
high-voltage electric transmission line;
new text end

new text begin (4) be designed to provide peaking, emergency backup, or
contingency services;
new text end

new text begin (5) have received a certificate of need under section
216B.243 demonstrating demand for its capacity; and
new text end

new text begin (6) have received by resolution the approval from the
governing body of the county and township in which the proposed
facility is to be located for the exemption of personal property
under this subdivision.
new text end

new text begin (b) Construction of the facility must be commenced after
July 1, 2005, and before January 1, 2009. 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 2006 and thereafter, for taxes payable in 2007 and
thereafter.
new text end