HF1773 (Legislative Session 94 (2025-2026))
Property tax exemption provided for an electric generation facility.
Related bill: SF2615
AI Generated Summary
This bill proposes a property tax exemption for certain electric generation facilities in Minnesota. Specifically, it amends Minnesota Statutes 2024, section 272.02, by adding a new subdivision. The exemption applies to personal property, including attached machinery, that is part of an electric generation facility if it meets the following criteria:
- Has an installed capacity between 40 and 50 megawatts.
- Uses natural gas as its primary fuel.
- Is owned and operated by a municipal power agency.
- Is located within 1,000 feet of an existing natural gas pipeline.
- Addresses a resource deficiency identified in an integrated resource plan under section 216B.2422.
- Is located outside of the metropolitan area, as defined in section 473.121, subdivision 2.
- Has been approved for the exemption by the governing bodies of the city and county where it is located.
Additionally, construction of the facility must begin between January 1, 2026, and January 1, 2028. The exemption does not apply to electric transmission lines, interconnections, or gas pipelines associated with the facility.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 02, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
| March 02, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"Exempts personal property of electric generation facilities from taxation if specific conditions are met."
],
"removed": [
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],
"summary": "The bill provides a property tax exemption for certain electric generation facilities under section 272.02.",
"modified": [
""
]
},
"citation": "272.02",
"subdivision": ""
},
{
"analysis": {
"added": [
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],
"removed": [
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],
"summary": "This part of the bill references existing statute definitions under section 453.52, subdivision 8.",
"modified": [
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},
"citation": "453.52",
"subdivision": "subdivision 8"
},
{
"analysis": {
"added": [
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],
"removed": [
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],
"summary": "The bill references requirements related to an integrated resource plan under section 216B.2422.",
"modified": [
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]
},
"citation": "216B.2422",
"subdivision": ""
},
{
"analysis": {
"added": [
""
],
"removed": [
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],
"summary": "The bill references geographical definitions under section 473.121, subdivision 2.",
"modified": [
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]
},
"citation": "473.121",
"subdivision": "subdivision 2"
}
]