MN HF2911

Exempts solar energy systems from property taxation beginning with taxes payable in 2015, replacing the previous exemption for photovoltaic devices installed after January 1, 1992.

Establishes a solar energy production tax of $1.20 per megawatt-hour on solar energy systems with capacity exceeding one megawatt, effective for taxes payable in 2015.

Exempts solar energy systems with one megawatt or less capacity from the production tax.

Requires annual reporting by solar energy system owners to the commissioner of revenue by February 1, detailing electricity produced in megawatt-hours; if not filed, tax is calculated using nameplate capacity multiplied by 60 percent capacity factor.

Distributes production tax revenues with 80 percent to counties and 20 percent to cities and townships, collected and enforced as personal property taxes.