1999 Minnesota Statutes

     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 39, 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 Repealed, 1984 c 502 art 3 s 36 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 Repealed, 1984 c 502 art 3 s 36 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 Repealed, 1984 c 502 art 3 s 36 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