1.1 	A bill for an act
1.2 	relating to taxation; property; exempting certain publicly owned railroad 
1.3 	property;amending Minnesota Statutes 2008, section 272.02, by adding a 
1.4 	subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2008, section 272.02, is amended by adding a 
1.7 	subdivision to read:
1.8 		Subd. 90.Railroad wye connections. Any portion of a railroad wye connection, 
1.9 	including the track, ties, ballast, switch gear, and related improvements, is exempt if it 
1.10 	meets all of the following: (1) is publicly owned; (2) is funded, in whole or in part, by 
1.11 	state grants; (3) is located within the metropolitan area as defined in section 473.121, 
1.12 	subdivision 2; (4) includes a single track segment that is no longer than 2,500 feet in 
1.13 	length; (5) connects intersecting rail lines; and (6) is constructed after January 1, 2009.

1.14 	EFFECTIVE DATE. This section is effective for assessment year 2009 and 
1.15 	thereafter, for taxes payable in 2010 and thereafter.