MN SF3707

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, evaluate accuracy of current methods in producing market value estimates, and compile appeals data from the last 20 years showing how valuations were increased or reduced.

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

Report must describe, analyze, and compare pipeline property valuation methods used in border states, and make recommendations for improvements or alternative valuation methods.

Commissioner must submit findings to the House and Senate tax committees by February 15, 2019, and file the report according to Minnesota Statutes section 3.195.