as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:34pm
A bill for an act
relating to taxation; providing a property tax exemption for personal property
of an electric generation facility; amending Minnesota Statutes 2008, section
272.02, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2008, section 272.02, is amended by adding a
subdivision to read:
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Notwithstanding
subdivision 9, clause (a), attached machinery and other personal property that is part of
a simple-cycle electric generation facility of more than 40 megawatts and less than 125
megawatts of installed capacity and that meets the requirements of this subdivision is
exempt. At the time of construction, the facility must:
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(1) utilize natural gas as a primary fuel;
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(2) be located within two miles of parallel existing 36-inch natural gas pipelines and
an existing 115-kilovolt high-voltage electric transmission line;
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(3) be designed to provide peaking, emergency backup, or contingency services; and
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(4) satisfy a resource deficiency identified in an approved integrated resource plan
filed under section 216B.2422.
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Construction of the facility must be commenced after January 1, 2010, and
before January 1, 2014. 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.
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This section is effective for assessments in 2011, taxes
payable in 2012, and thereafter.
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