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HF506 (Legislative Session 94 (2025-2026))

Electric cooperatives exemption, valuation, and distribution provisions modified.

Related bill: SF132

AI Generated Summary

House File No. 506 is a proposed legislative bill in the state of Minnesota, focusing on property taxes related to electric cooperatives. Specifically, it seeks to modify the exemption, valuation, and distribution provisions of property taxes for certain electric power distribution properties. The main change involves the exemption from property taxes for electric power distribution systems that mainly supply electricity to farmers. These systems would include distribution lines and their attachments but exclude substations, transmission, or generation equipment. Essentially, this bill aims to clarify and adjust tax laws to provide tax relief to specific electric infrastructure serving the agricultural sector.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 12, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "A new clause specifying exclusion of substations or transmission equipment."
      ],
      "removed": [
        "Previous generic exemption for equipment without agricultural emphasis."
      ],
      "summary": "This bill modifies property tax exemptions for electric power distribution lines under section 272.02 subdivision 19.",
      "modified": [
        "Clarification that the exemption specifically targets power lines for farmers."
      ]
    },
    "citation": "272.02 subdivision 19"
  }
]

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