Minnesota SF4918 modifies criteria for taxing jurisdictions to qualify for electric generation transition aid.

Minnesota SF4918 modifies the criteria for an eligible taxing jurisdiction to qualify for aid. It adjusts the calculation of aid payments for jurisdictions affected by the retirement or fuel source conversion of electric generating units. The bill also requires public utilities to notify the commissioner of revenue when they plan to retire or convert an electric generating unit. The changes are effective for aids payable in 2027 and thereafter.

Minnesota SF4918 modifies criteria for taxing jurisdictions to qualify for electric generation transition aid.

Minnesota SF4918 modifies the criteria for an eligible taxing jurisdiction to qualify for aid. It adjusts the calculation of aid payments for jurisdictions affected by the retirement or fuel source conversion of electric generating units. The bill also requires public utilities to notify the commissioner of revenue when they plan to retire or convert an electric generating unit. The changes are effective for aids payable in 2027 and thereafter.