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MN SF4335

Bill

Official Source

Status

Introduced

3/16/2020

Primary Sponsor

Julie Rosen

Click for details

Origin

Senate

91st Legislature 2019-2020

AI Summary

  • Amends Minnesota Statutes 2018, section 453A.04, subdivision 21, to allow municipal gas agencies to prepay for electricity
  • Authorizes municipal gas agencies to exercise powers of a municipal power agency under chapter 453 for tax-exempt prepayments and related transactions
  • Permits prepayments described in Internal Revenue Code section 148(b)(4) of 1986, as amended, or federal regulations at 26 CFR 1.148-1(e)(2)(iii)
  • Allows prepayments authorized by statute or by the commissioner of revenue
  • Introduced March 16, 2020, and referred to the Taxes committee

Legislative Description

Municipal gas agencies electricity prepayment authorization

Last Action

Referred to Local Government

3/16/2020

Committee Referrals

Local Government3/16/2020

Full Bill Text

No bill text available