MN HF337

Exempts attached machinery and personal property of electric generation facilities exceeding five megawatts of installed capacity from property taxation.

Facility must be designed to use natural gas as primary fuel, utilize reciprocating engines paired with generators, and be owned and operated by a municipal power agency.

Facility must be located within a metropolitan county's municipal utility service territory and designed to connect directly to a municipality's substation.

Construction must commence between June 1, 2013, and June 1, 2017.

Exemption excludes electric transmission lines, interconnections, gas pipelines, and related appurtenances; effective for assessment year 2013 and thereafter.