SF 3014

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; providing that certain personal 
  1.3             property of an electric generation facility is exempt 
  1.4             from property taxation; amending Minnesota Statutes 
  1.5             2002, section 272.02, by adding a subdivision. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 272.02, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 68.  [ELECTRIC GENERATION FACILITY; PERSONAL 
  1.10  PROPERTY.] (a) Notwithstanding subdivision 9, clause (a), 
  1.11  attached machinery and other personal property that is part of 
  1.12  either a simple-cycle, combustion-turbine electric generation 
  1.13  facility that equals or exceeds 150 megawatts of installed 
  1.14  capacity, or a combined-cycle, combustion-turbine electric 
  1.15  generation facility that equals or exceeds 225 megawatts of 
  1.16  installed capacity, and that in either case meets the 
  1.17  requirements of this subdivision, is exempt.  At the time of 
  1.18  construction, the facility must: 
  1.19     (1) be designed to utilize natural gas as a primary fuel; 
  1.20     (2) not be owned by a public utility as defined in section 
  1.21  216B.02, subdivision 4; 
  1.22     (3) be located in a metropolitan county defined in section 
  1.23  473.121, subdivision 4, that has a population greater than 
  1.24  190,000 and less than 225,000 in the most recent federal 
  1.25  decennial census, within one mile of an existing natural gas 
  2.1   pipeline, and within one mile of an existing electrical 
  2.2   transmission substation; and 
  2.3      (4) be designed to provide energy and ancillary services 
  2.4   and have received a certificate of need under section 216B.243. 
  2.5      (b) Construction of the facility must be commenced after 
  2.6   January 1, 2005, and before January 1, 2008.  Property eligible 
  2.7   for this exemption does not include electric transmission lines 
  2.8   and interconnections or gas pipelines and interconnections 
  2.9   appurtenant to the property or the facility. 
  2.10     [EFFECTIVE DATE.] This section is effective for taxes 
  2.11  levied in 2005, payable in 2006, and thereafter.