MN HF1843

Modifies depreciation calculations for wind and solar energy conversion systems that qualify as exempt property and were placed in service or repowered after December 31, 2019.

Requires depreciation to be calculated using actual depreciation as stated on the utility's books and records, rather than a standardized calculation method.

Directs the Commissioner of Revenue to amend Minnesota Rules, part 8100.0500, subpart 3, to conform with the new depreciation calculation requirement.

Allows the Commissioner to use a good cause exemption to expedite rule adoption and exempts the standard rulemaking procedures from applying to this section.

Effective the day following final enactment.