HF174 (Legislative Session 94 (2025-2026))
taxation of certain cooperative association property modified.
AI Generated Summary
This legislative bill aims to modify how property taxes are applied to specific types of cooperative association property. Specifically, it changes the tax exemptions for properties used primarily to distribute electricity to farmers. Under this bill, electric power distribution lines and related equipment (excluding substations, transmission, or generation equipment) that provide electricity to farmers at retail will be tax-exempt. This amendment is being made to sections 272.02, 273.38, and 273.41 of the Minnesota Statutes from the year 2024.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 09, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
| March 11, 2025 | House | Floor | Action | Author added | |
| March 31, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"None."
],
"removed": [
"None."
],
"summary": "The bill amends tax exemptions for property used to distribute electricity to farmers under section 272.02 subdivision 19.",
"modified": [
"Clarifies the exemption scope by specifying that it does not include substations or transmission or generation equipment."
]
},
"citation": "272.02"
}
]