Bill > HF1773

This bill provides a property tax exemption for a specific type of electric generation facility with very precise requirements. The bill would exempt personal property (such as attached machinery) for an electric generation facility that: generates between 40 and 50 megawatts of power, uses natural gas as its primary fuel, is owned and operated by a municipal power agency, is located within 1,000 feet of an existing natural gas pipeline, satisfies a resource deficiency identified in an integrated resource plan, is located outside the metropolitan area, and has received approval from the local city and county governing bodies. The exemption applies only to facilities whose construction begins between January 1, 2026, and January 1, 2028, and specifically excludes electric transmission lines, interconnections, and gas pipelines. The tax exemption would become effective for property taxes payable in 2029, providing a targeted financial incentive for a specific type of electric generation infrastructure development in Minnesota.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1773&ssn=0&y=2025