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MN HF2742

Bill

Official Source

Status

Introduced

3/7/2012

Primary Sponsor

Terry Morrow

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Amends Minnesota Statutes section 272.03 to modify the definition of real property for taxation purposes
  • Adds new subsection (e) excluding fermentation tanks and beer wells used in biofuels production from the definition of real property, regardless of size, weight, or method of attachment to real property
  • Excludes biofuels production equipment from property tax obligations that would otherwise apply to real property fixtures
  • Equipment exclusion applies whether the tanks and wells are attached to or installed in real property

Legislative Description

Real property definition modified.

Last Action

Referred by Chair to Property and Local Tax Division

3/15/2012

Committee Referrals

Property and Local Tax3/15/2012
Taxes3/7/2012

Full Bill Text

No bill text available