MN SF3735

Sets the state general levy for commercial-industrial property at $784,590,000 and seasonal-recreational property at $44,190,000 for taxes payable in 2018 and thereafter.

Exempts personal property that is part of an intrastate natural gas transportation or distribution pipeline system from state general tax if construction began after January 1, 2018.

Limits the pipeline exemption to areas outside the seven-county metropolitan area where households or businesses lacked access to natural gas distribution systems as of January 1, 2018.

Restricts the pipeline exemption to a maximum 12-year period, with no subsequent re-qualification once property becomes ineligible.

Requires the commissioner to annually reduce the state commercial-industrial levy by the amount of state general tax that would be paid by exempt pipeline property.