Minnesota SF2615 provides a property tax exemption for electric generation facilities with specific capacity and fuel criteria.

Minnesota SF2615 amends state statutes to exempt certain electric generation facilities from property taxes. The exemption applies to facilities with an installed capacity between 40 and 50 megawatts, utilizing natural gas as a primary fuel, and owned and operated by a municipal power agency. The facility must also be located within 1,000 feet of an existing natural gas pipeline, address a resource deficiency identified in an integrated resource plan, and be situated outside the metropolitan area.

Minnesota SF2615 provides a property tax exemption for electric generation facilities with specific capacity and fuel criteria.

Minnesota SF2615 amends state statutes to exempt certain electric generation facilities from property taxes. The exemption applies to facilities with an installed capacity between 40 and 50 megawatts, utilizing natural gas as a primary fuel, and owned and operated by a municipal power agency. The facility must also be located within 1,000 feet of an existing natural gas pipeline, address a resource deficiency identified in an integrated resource plan, and be situated outside the metropolitan area.