MN SF3148

Exempts attached machinery and personal property of natural gas electric generation facilities (150-780 megawatts capacity) from personal property taxes if owned by non-public utility entities.

Requires facilities to be located within five miles of two or more interstate natural gas pipelines and one mile of existing electrical transmission substations with 115 kV, 345 kV, and 500 kV voltages.

Mandates development agreements with county boards (two-thirds vote) requiring facilities to use wastewater treatment effluent as preferred water source and colocate processed wastewater discharge with treatment facility outfalls.

Requires development agreements with township boards (two-thirds vote) to mitigate noise and visual impacts of the facility.

Establishes payment in lieu of taxes agreement capped at $600,000 per year to host county, township, and school district for the facility's operating life, with construction required to begin between March 1, 2010, and March 1, 2014.