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S.F. No. 161 - Property Tax Exemption for Certain Personal Property of Electric Generation Facilities (as proposed to be amended with A-1 amendment)
 
Author: Senator Charles W. Wiger
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: March 1, 2013



 

S.F. 161 exempts, from property tax, attached machinery and other personal property that is part of an electric generation facility that exceeds five megawatts of installed capacity. To receive this exemption, the facility, at the time of construction, must meet be:

  • Designed to utilize natural gas as a primary fuel;
  • Owned and operated by a municipal power agency;
  • Designed to utilize reciprocating engines paired with generators to produce electrical power;
  • Located within the service territory of a municipal power agency’s electrical municipal utility that serves load exclusively in a metropolitan county;
  • Designed to connect directly with a municipality’s substation; and
  • Construction on the facility must be commenced after June 1, 2013 and before June 1, 2017.

Eligible properties do not include electric transmission lines and interconnections or gas pipelines and interconnections appurtenant to the property or facility.

Effective for assessment year 2013, taxes payable in 2014, and thereafter.


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