SF 3370

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

A bill for an act
relating to taxes; extending the eligibility period for the commencement of
construction of small biomass electric generation facilities that qualify for
property tax exemptions; amending Minnesota Statutes 2004, section 272.02,
subdivision 54.

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

Section 1.

Minnesota Statutes 2004, section 272.02, subdivision 54, is amended to read:

Subd. 54.

Small biomass electric generation facility; personal property.

Notwithstanding subdivision 9, clause (a), attached machinery and other personal property
which is part of an electrical generating facility that meets the requirements of this
subdivision is exempt. At the time of construction the facility must:

(1) have a generation capacity of less than 25 megawatts;

(2) provide process heating needs in addition to electrical generation; and

(3) utilize agricultural by-products from the malting process and other biomass
fuels as its primary fuel source.

Construction of the facility must be commenced after January 1, 2002, and before
deleted text begin January 1, 2006 deleted text end new text begin June 30, 2007 new text end . Property eligible for this exemption does not include
electric transmission lines and interconnections or gas pipelines and interconnections
appurtenant to the property or facility.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes levied in 2008, payable
in 2009, and thereafter.
new text end