SF 2647

as introduced - 89th Legislature (2015 - 2016) Posted on 03/15/2016 09:56am

A bill for an act
relating to taxation; personal property; exempting a certain electric generation
facility; amending Minnesota Statutes 2014, section 272.02, by adding a
subdivision.

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

Section 1.

Minnesota Statutes 2014, section 272.02, is amended by adding a
subdivision to read:

new text begin Subd. 100. 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 that is part of
an electric generation facility with more than 35 megawatts and less than 40 megawatts
of installed capacity and that meets the requirements of this subdivision is exempt. The
facility must:
new text end

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

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

new text begin (3) be located within 800 feet of an existing natural gas pipeline;
new text end

new text begin (4) satisfy a resource deficiency identified in an approved integrated resource plan
filed under section 216B.2422;
new text end

new text begin (5) be located outside the metropolitan area as defined under section 473.121,
subdivision 2; and
new text end

new text begin (6) have received, by resolution, the approval of the governing bodies of the city
and county in which it is located for the exemption of personal property provided by
this subdivision.
new text end

new text begin (b) Construction of the facility must have been commenced after January 1, 2015,
and before January 1, 2016. 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 the day following final enactment.
new text end