Minnesota HF174 modifies the taxation of certain cooperative association property used to distribute electricity to farmers.

Minnesota HF174 amends the state's tax code to modify the taxation of certain cooperative association property. Specifically, it exempts electric power distribution lines and their attachments and appurtenances, excluding substations and transmission or generation equipment, used primarily for supplying electricity to farmers at retail. The tax is payable on or before March 1 of the next succeeding year, with a penalty for late payment. The bill is effective for assessment year 2025 and thereafter.

Minnesota HF174 modifies the taxation of certain cooperative association property used to distribute electricity to farmers.

Minnesota HF174 amends the state's tax code to modify the taxation of certain cooperative association property. Specifically, it exempts electric power distribution lines and their attachments and appurtenances, excluding substations and transmission or generation equipment, used primarily for supplying electricity to farmers at retail. The tax is payable on or before March 1 of the next succeeding year, with a penalty for late payment. The bill is effective for assessment year 2025 and thereafter.