Bill Text: MN HF2468 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Property tax exemption provided for personal property of an electric generation facility.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-03-05 - Referred by Chair to Property and Local Tax Division [HF2468 Detail]
Download: Minnesota-2013-HF2468-Introduced.html
1.2relating to taxation; property; providing a property tax exemption for personal
1.3property of an electric generation facility; amending Minnesota Statutes 2012,
1.4section 272.02, subdivision 93.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 272.02, subdivision 93, is amended to read:
1.7 Subd. 93. Electric generation facility; personal property. Notwithstanding
1.8subdivision 9, clause (a), attached machinery and other personal property that is part of
1.9a simple-cycle electric generation facility of more than 40 megawatts and less than 125
1.10megawatts of installed capacity and that meets the requirements of this subdivision is
1.11exempt. At the time of construction, the facility must:
1.12(1) utilize natural gas as a primary fuel;
1.13(2) be located within two miles of parallel existing 36-inch natural gas pipelines and
1.14an existing 115-kilovolt high-voltage electric transmission line;
1.15(3) be designed to provide peaking, emergency backup, or contingency services;
1.16(4) satisfy a resource deficiency identified in an approved integrated resource plan
1.17filed under section216B.2422 ; and
1.18(5) have an agreement with the host county, township, and school district for
1.19payment in lieu of personal property taxes to the host county, township, and school district
1.20for the operating life of the facility. Any amount distributed to the school district is not
1.21subject to the deductions under section126C.21 .
1.22Construction of the facility must be commenced after January 1,2010 2015, and
1.23before January 1,2014 2019. Property eligible for this exemption does not include electric
2.1transmission lines and interconnections or gas pipelines and interconnections appurtenant
2.2to the property or the facility.
2.3EFFECTIVE DATE.This section is effective for assessments in 2015, taxes
2.4payable in 2016, and thereafter.
1.3property of an electric generation facility; amending Minnesota Statutes 2012,
1.4section 272.02, subdivision 93.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 272.02, subdivision 93, is amended to read:
1.7 Subd. 93. Electric generation facility; personal property. Notwithstanding
1.8subdivision 9, clause (a), attached machinery and other personal property that is part of
1.9a simple-cycle electric generation facility of more than 40 megawatts and less than 125
1.10megawatts of installed capacity and that meets the requirements of this subdivision is
1.11exempt. At the time of construction, the facility must:
1.12(1) utilize natural gas as a primary fuel;
1.13(2) be located within two miles of parallel existing 36-inch natural gas pipelines and
1.14an existing 115-kilovolt high-voltage electric transmission line;
1.15(3) be designed to provide peaking, emergency backup, or contingency services;
1.16(4) satisfy a resource deficiency identified in an approved integrated resource plan
1.17filed under section
1.18(5) have an agreement with the host county, township, and school district for
1.19payment in lieu of personal property taxes to the host county, township, and school district
1.20for the operating life of the facility. Any amount distributed to the school district is not
1.21subject to the deductions under section
1.22Construction of the facility must be commenced after January 1,
1.23before January 1,
2.1transmission lines and interconnections or gas pipelines and interconnections appurtenant
2.2to the property or the facility.
2.3EFFECTIVE DATE.This section is effective for assessments in 2015, taxes
2.4payable in 2016, and thereafter.
