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SF 2570

1st Engrossment - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to taxation; modifying the personal property exemption for certain
electric utility generation facilities; amending Minnesota Statutes 2004, section
272.02, subdivision 55.


Section 1.

Minnesota Statutes 2004, section 272.02, subdivision 55, is amended to read:

Subd. 55.

Electric generation facility; personal property.

subdivision 9, clause (a), attached machinery and other personal property which is part of
an electric generating facility that meets the requirements of this subdivision is exempt. At
the time of construction, the facility must deleted text beginbe sited on an energy park thatdeleted text end (i) deleted text beginis located on
an active mining site, or on a former mining or industrial site where mining or industrial
operations have terminated
deleted text endnew text begin be designated as an innovative energy project as defined in
section 216B.1694
new text end, (ii) deleted text beginisdeleted text end new text beginbe new text endwithin a tax relief area as defined in section 273.134, (iii)
deleted text begin has deleted text enddeleted text beginon-site deleted text endnew text beginhave new text endaccess to existing railroad infrastructurenew text begin within less than three milesnew text end, (iv)
deleted text begin has direct rail access to a Great Lakes port, (v) has sufficient private water resources
deleted text enddeleted text beginsite, and (vi) isdeleted text end new text beginhave received by resolution approval from the governing body of
the county and township or city in which the proposed facility is to be located for the
exemption of personal property under this subdivision, and (v) be
new text end designed to host at
least 500 megawatts of electrical generation.

Construction of the first deleted text begin250deleted text endnew text begin 500new text end megawatts of the facility must be commenced
after January 1, deleted text begin2002deleted text endnew text begin 2006new text end, and before January 1, deleted text begin2005deleted text endnew text begin 2010new text end. Construction of up to an
additional 750 megawatts of generation must be commenced before January 1, deleted text begin2010deleted text endnew text begin
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 the
facility. new text beginTo qualify for an exemption under this subdivision, the owner of the electric
generation facility must have an agreement with the host county, township or city, and
school district, for payment in lieu of personal property taxes to the host county, township
or city, and school district.
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