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295.44 Hydropower facilities; exemption; taxation in lieu of property taxation.

Subdivision 1. Exemption. Notwithstanding the provisions of sections 272.01, subdivision 2, 272.02, subdivision 5, and 273.19, subdivision 1, real or personal property used or to be used primarily for the production of hydroelectric or hydromechanical power on a site owned by the federal government, the state, or a local governmental unit and developed and operated pursuant to section 103G.535 may be exempt from property taxation for all years during which the site is developed and operated under the terms of a lease or agreement authorized by section 103G.535.

Subd. 2. Repealed, 1984 c 502 art 3 s 36

Subd. 3. Repealed, 1984 c 502 art 3 s 36

Subd. 4. Repealed, 1984 c 502 art 3 s 36

HIST: 1982 c 523 art 27 s 5; 1984 c 502 art 3 s 24; 1990 c 391 art 8 s 35; 1997 c 191 art 1 s 10

Official Publication of the State of Minnesota
Revisor of Statutes