SF 3667

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 biomass electric generation facilities that qualify for property tax
exemptions; amending Minnesota Statutes 2004, section 272.02, subdivision 45.

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

Section 1.

Minnesota Statutes 2004, section 272.02, subdivision 45, is amended to read:

Subd. 45.

Biomass electrical 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) be designed to utilize biomass as established in section 216B.2424 as a primary
fuel source; and

(2) be constructed for the purpose of generating power at the facility that will be sold
pursuant to a contract approved by the Public Utilities Commission in accordance with
the biomass mandate imposed under section 216B.2424.

Construction of the facility must be commenced after January 1, 2000, and before
December 31, deleted text begin 2002 deleted text end new text begin 2005 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 2006, payable
in 2007, and thereafter.
new text end