MN HF4144

Commissioner of Revenue must study and prepare a report on current methods used to value pipeline operating property in Minnesota.

Report must describe prior and current valuation methods and evaluate whether current methods produce accurate market value estimates.

Report must compile appeal data on state-assessed pipeline valuations from the last 20 years, including how market values were adjusted through agreement, settlement, or judgment.

Report must evaluate whether host political subdivisions and communities are adequately compensated for external costs imposed by pipeline systems under Minnesota's property tax system.

Report must describe, analyze, and compare pipeline valuation methods used in border states and make recommendations for improvements or alternative valuation methods, with findings due to tax committees by February 15, 2019.