SF 2651

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; property; exempting certain 
  1.3             utility attached machinery; amending Minnesota 
  1.4             Statutes 2000, section 272.02, by adding a subdivision.
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 2000, section 272.02, is 
  1.7   amended by adding a subdivision to read: 
  1.8      Subd. 50.  [ELECTRIC GENERATION FACILITY PERSONAL 
  1.9   PROPERTY.] Notwithstanding subdivision 9, clause (a), attached 
  1.10  machinery and other personal property which is part of a 
  1.11  combined cycle natural gas turbine electric generation facility 
  1.12  of 43 megawatts of installed capacity and that meets the 
  1.13  requirements of this subdivision is exempt.  At the time of 
  1.14  construction, the facility must: 
  1.15     (1) utilize a combined cycle gas turbine generator fueled 
  1.16  by natural gas; 
  1.17     (2) be connected to an existing 115-kilovolt high-voltage 
  1.18  electric transmission line that is within one mile of the 
  1.19  facility; 
  1.20     (3) be located on an underground natural gas storage 
  1.21  aquifer; 
  1.22     (4) be designed as an intermediate load facility; and 
  1.23     (5) have received, by resolution, the approval from the 
  1.24  governing body of the county for the exemption of personal 
  1.25  property under this subdivision. 
  2.1      Construction of the facility must be commenced after 
  2.2   January 1, 2002, and before January 1, 2004.  Property eligible 
  2.3   for this exemption does not include electric transmission lines 
  2.4   and interconnections or gas pipelines and interconnections 
  2.5   appurtenant to the property or the facility. 
  2.6      [EFFECTIVE DATE.] This section is effective for the 2002 
  2.7   assessment and thereafter.