S.F. 1909 extends the time frame that an electric generating facility must commence construction in order to receive a property tax exemption. In 2009, the legislature authorized a property tax exemption for the personal property of an electric generation facility proposed to be built in Beltrami County. Construction of the facility must have commenced after January 1, 2010 and before January 1, 2014. Under this bill, those dates are extended to January 1, 2015 and January 1, 2019, respectively.

Effective for assessment year 2015, taxes payable in 2016, and thereafter.

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