Bill Text: MN HF616 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Personal property of an electric generation facility exemption provided.
Sponsorship: Partisan Bill (Republican 2)
Status: (Introduced - Dead) 2011-02-22 - Referred by Chair to Property and Local Tax Division [HF616 Detail]
Download: Minnesota-2011-HF616-Introduced.html
1.2relating to taxation; providing exemption from property taxation of personal
1.3property of an electric generation facility;amending Minnesota Statutes 2010,
1.4section 272.02, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 272.02, is amended by adding a
1.7subdivision to read:
1.8 Subd. 95. Electric generation facility; personal property. (a) Notwithstanding
1.9subdivision 9, clause (a), and section 453.54, subdivision 20, attached machinery and other
1.10personal property that is part of a multiple reciprocating engine electric generation facility
1.11that adds more than 20 and less than 30 megawatts of installed capacity at a site where
1.12there is presently more than ten megawatts and fewer than 15 megawatts of installed
1.13capacity and that meets the requirements of this subdivision is exempt from taxation and
1.14from payments in lieu of taxation. At the time of construction, the facility must:
1.15(1) be designed to utilize natural gas as a primary fuel;
1.16(2) be owned and operated by a municipal power agency as defined in section
1.17453.52, subdivision 8;
1.18(3) be located within one mile of an existing natural gas pipeline;
1.19(4) be designed to have black start capability and to furnish emergency backup
1.20power service to the city in which it is located;
1.21(5) satisfy a resource deficiency identified in an approved integrated resource plan
1.22filed under section 216B.2422; and
2.1(6) have received, by resolution, the approval of the governing bodies of the city
2.2and county in which it is located for the exemption of personal property provided by
2.3this subdivision.
2.4(b) Construction of the facility must be commenced after December 31, 2011, and
2.5before January 1, 2015. Property eligible for this exemption does not include (i) electric
2.6transmission lines and interconnections or gas pipelines and interconnections appurtenant
2.7to the property or the facility; or (ii) property located on the site on the enactment date
2.8of this subdivision.
2.9EFFECTIVE DATE.This section is effective for assessments in 2012, taxes
2.10payable in 2013, and thereafter.
1.3property of an electric generation facility;amending Minnesota Statutes 2010,
1.4section 272.02, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 272.02, is amended by adding a
1.7subdivision to read:
1.8 Subd. 95. Electric generation facility; personal property. (a) Notwithstanding
1.9subdivision 9, clause (a), and section 453.54, subdivision 20, attached machinery and other
1.10personal property that is part of a multiple reciprocating engine electric generation facility
1.11that adds more than 20 and less than 30 megawatts of installed capacity at a site where
1.12there is presently more than ten megawatts and fewer than 15 megawatts of installed
1.13capacity and that meets the requirements of this subdivision is exempt from taxation and
1.14from payments in lieu of taxation. At the time of construction, the facility must:
1.15(1) be designed to utilize natural gas as a primary fuel;
1.16(2) be owned and operated by a municipal power agency as defined in section
1.17453.52, subdivision 8;
1.18(3) be located within one mile of an existing natural gas pipeline;
1.19(4) be designed to have black start capability and to furnish emergency backup
1.20power service to the city in which it is located;
1.21(5) satisfy a resource deficiency identified in an approved integrated resource plan
1.22filed under section 216B.2422; and
2.1(6) have received, by resolution, the approval of the governing bodies of the city
2.2and county in which it is located for the exemption of personal property provided by
2.3this subdivision.
2.4(b) Construction of the facility must be commenced after December 31, 2011, and
2.5before January 1, 2015. Property eligible for this exemption does not include (i) electric
2.6transmission lines and interconnections or gas pipelines and interconnections appurtenant
2.7to the property or the facility; or (ii) property located on the site on the enactment date
2.8of this subdivision.
2.9EFFECTIVE DATE.This section is effective for assessments in 2012, taxes
2.10payable in 2013, and thereafter.
