Minnesota HF4709 establishes a property tax exemption for electric generation facilities with specific characteristics.

Minnesota HF4709 amends state statutes to create a property tax exemption for personal property of electric generation facilities with more than 40 megawatts and less than 50 megawatts of nominal installed capacity. The facility must use natural gas as a primary fuel, be owned and operated by a municipal power agency, and be located outside the metropolitan area. It must also be within 1,000 feet of an existing natural gas pipeline and satisfy a resource deficiency identified in an integrated resource plan. The exemption is effective starting with property taxes payable in 2030.

Minnesota HF4709 establishes a property tax exemption for electric generation facilities with specific characteristics.

Minnesota HF4709 amends state statutes to create a property tax exemption for personal property of electric generation facilities with more than 40 megawatts and less than 50 megawatts of nominal installed capacity. The facility must use natural gas as a primary fuel, be owned and operated by a municipal power agency, and be located outside the metropolitan area. It must also be within 1,000 feet of an existing natural gas pipeline and satisfy a resource deficiency identified in an integrated resource plan. The exemption is effective starting with property taxes payable in 2030.