Exemption establishment for an electric generation facility

Summary

The bill adds a new subdivision to Minnesota tax law that exempts personal property of certain electric generation facilities from property taxes. To qualify, the facility must be 40‑50 MW, use natural gas, be owned by a municipal power agency, be near a gas pipeline, be outside the defined metropolitan area, and have local city and county approval. The exemption applies to facilities started between 2027 and 2030, with the tax break taking effect for taxes payable in 2030.

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