2001 Minnesota Statutes

     272.028 Payment in lieu of personal property tax; wind 
  generation facilities. 

    A developer of a new or existing medium or large scale wind 
 energy conversion system, as defined under section 272.02, 
 subdivision 22, paragraphs (b) and (c), may negotiate with the 
 city or town and the county where the wind energy conversion 
 system is located to establish a payment in lieu of tax on 
 personal property used to generate electric power.  The in lieu 
 payment is to provide fees or compensation to the host 
 jurisdictions to maintain public infrastructure and services.  
 The payment in lieu of personal property tax may be based on 
 production capacity, historical production, or other factors 
 agreed upon by the parties.  The payment in lieu of tax 
 agreement must be signed by the parties and filed with the 
 commissioner of revenue and the county recorder.  Upon execution 
 and filing of the agreement, the personal property to which the 
 in lieu payment applies shall be deemed exempt from tax under 
 section 272.02, subdivision 22, paragraphs (b) and (c).  This 
 exemption shall be effective for the assessment year in which 
 the in lieu payment is agreed upon and shall remain exempt for 
 the same duration as the in lieu payments are in effect. 

    HIST: 1Sp2001 c 5 art 3 s 22