MN HF2876

Eliminates property tax exemption for personal property used for pollution control that is part of an electric generation system, effective for taxes levied in 2011 and payable in 2012 and thereafter.

Authorizes the Public Utilities Commission to approve a rate schedule allowing public utilities to recover increased taxes through a rate rider adjustment to compensate for the elimination of the exemption.

Exempts real property used for pollution control in agricultural operations, centralized treatment and recovery facilities under Minnesota Pollution Control Agency permits, and wastewater treatment facilities for hazardous industrial waste.

Requires taxpayers requesting exemption for pollution control property to file an application with the Commissioner of Revenue, with the Minnesota Pollution Control Agency providing information and advice on whether property meets applicable standards.

Continues exemption for property that qualifies under the Commissioner's exemption order as long as the order remains in effect.