The bill amends Minnesota Statutes 2022, section 272.02, subdivision 24, to provide specific classifications for real property that contains solar energy generating systems. It establishes that personal property consisting of solar energy generating systems is exempt from taxation. If the real property is primarily used for solar energy production and is subject to the production tax, it will be classified as class 3a. Additionally, if the property contains multiple solar energy generating systems that cannot be combined for tax purposes, it will also be classified as class 3a.

Furthermore, the bill includes a new provision stating that the effective date for these changes will begin with property taxes payable in 2024 and thereafter. This aims to clarify the tax treatment of properties with solar energy systems and ensure that they are appropriately classified for taxation purposes.

Statutes affected:
Introduction: 272.02