Bill > SF2615

This bill creates a specific property tax exemption for a particular type of electric generation facility with unique characteristics. The exemption applies to attached machinery and personal property of an electric generation facility that has between 40 and 50 megawatts of installed capacity, specifically designed to use natural gas as its primary fuel. To qualify for the exemption, the facility must be owned and operated by a municipal power agency, located within 1,000 feet of an existing natural gas pipeline, situated outside the metropolitan area, and address a resource deficiency identified in an integrated resource plan. Additionally, the facility must receive approval from the local city and county governing bodies. The bill stipulates that construction of the facility must occur between January 1, 2026, and January 1, 2028, and the property tax exemption will become effective for taxes payable in 2029. Notably, the exemption does not include electric transmission lines, interconnections, gas pipelines, or related infrastructure. The goal appears to be encouraging the development of a specific type of natural gas-powered electric generation facility by offering a financial incentive through property tax relief.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2615&ssn=0&y=2025