This bill proposes a property tax exemption for electric generation facilities in Minnesota that meet specific criteria. It amends Minnesota Statutes 2024, section 272.02, by adding a new subdivision that outlines the conditions under which an electric generation facility with an installed capacity of more than 40 megawatts and less than 50 megawatts can qualify for this exemption. The facility must utilize natural gas as a primary fuel, be owned and operated by a municipal power agency, be located within 1,000 feet of an existing natural gas pipeline, address a resource deficiency identified in an integrated resource plan, be situated outside the metropolitan area, and receive approval from local governing bodies for the exemption.

Additionally, the bill specifies that construction of the facility must begin after January 1, 2026, and before January 1, 2028. It clarifies that the exemption does not apply to electric transmission lines, interconnections, or gas pipelines related to the facility. The effective date for this property tax exemption is set for property taxes payable in 2029.

Statutes affected:
Introduction: 272.02