This bill amends several sections of the Minnesota Statutes related to property taxes for electric cooperatives. Specifically, it modifies the language regarding the exemption of property used to distribute electricity to farmers, clarifying that the exemption applies to distribution systems but excludes substations, transmission, or generation equipment. The bill also updates the assessment and taxation provisions for electric cooperatives, ensuring that the same exclusions apply to the systems being assessed.

Additionally, the bill imposes a tax on cooperative associations based on their membership, replacing previous references to distribution lines and their attachments with a focus on the distribution system, again excluding substations and transmission or generation equipment. Importantly, all these changes will take effect for the assessment year 2026 and thereafter, as specified in the new legal language inserted throughout the bill.

Statutes affected:
Introduction: 272.02, 273.38, 273.41