SF 2570

Subd. 55.

Electric generation facility; personal property.

Notwithstanding
subdivision 9, clause (a), attached machinery and other personal property which is part of
an electric generating facility that meets the requirements of this subdivision is exempt. At
the time of construction, the facility must deleted text begin be sited on an energy park thatdeleted text end (i) deleted text begin is located on
an active mining site, or on a former mining or industrial site where mining or industrial
operations have terminateddeleted text end new text begin be designated as an innovative energy project as defined in
section 216B.1694new text end , (ii) deleted text begin isdeleted text end new text begin be new text end within a tax relief area as defined in section 273.134, (iii)
deleted text begin has deleted text end deleted text begin on-site deleted text end new text begin have new text end access to existing railroad infrastructurenew text begin within less than three milesnew text end , (iv)
deleted text begin has direct rail access to a Great Lakes port, (v) has sufficient private water resources
on deleted text end deleted text begin site, and (vi) isdeleted text end new text begin have received by resolution approval from the governing body of
the county and township or city in which the proposed facility is to be located for the
exemption of personal property under this subdivision, and (v) benew text end designed to host at
least 500 megawatts of electrical generation.

Construction of the first deleted text begin 250deleted text end new text begin 500new text end megawatts of the facility must be commenced
after January 1, deleted text begin 2002deleted text end new text begin 2006new text end , and before January 1, deleted text begin 2005deleted text end new text begin 2010new text end . Construction of up to an
additional 750 megawatts of generation must be commenced before January 1, deleted text begin 2010deleted text end new text begin
2015new text end . Property eligible for this exemption does not include electric transmission lines and
interconnections or gas pipelines and interconnections appurtenant to the property or the
facility. new text begin To qualify for an exemption under this subdivision, the owner of the electric
generation facility must have an agreement with the host county, township or city, and
school district, for payment in lieu of personal property taxes to the host county, township
or city, and school district.
new text end