MN HF3782

Establishes a property tax exemption for personal property consisting of energy storage systems, with the definition of "energy storage system" taken from Minnesota Statutes section 216B.2422, subdivision 1, paragraph (f).

Land on which the energy storage system is located remains taxable and must be classified as class 3a property.

Allows taxpayers to apply to their county for refunds of taxes paid on exempt energy storage systems for property taxes payable in 2021 and 2022, with the state general fund appropriating necessary refund amounts to the commissioner of revenue in fiscal year 2023.

Exemption becomes effective for assessment year 2022, with exemption applications required to be filed by August 1, 2022.

Refund provision expires June 30, 2023.