SF132

SF132 (Legislative Session 94 (2025-2026))

Individual income and corporate franchise taxes, certain state aid programs and public finance provisions modifications and appropriation

Related bill: HF506

AI Generated Summary

This legislative bill aims to modify the taxation rules for certain electric cooperatives in Minnesota. It specifically changes how property used in the distribution of electricity to farmers is taxed. The bill proposes that electric power distribution lines and associated systems, except for substations and transmission or generation equipment, when used mainly to supply electricity to farmers at retail, should be tax-exempt. This change is intended to impact how property taxes are applied to specific parts of electric infrastructure serving the agricultural sector.

Bill text versions

Introduction PDF file
1st Engrossment PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
January 15, 2025	Senate	Floor	Action	Introduction and first reading
January 15, 2025	Senate	Floor	Action	Referred to	Taxes
January 20, 2025	Senate	Floor	Action	Author added
January 22, 2025	Senate	Floor	Action	Author added
March 16, 2025	Senate	Floor	Action	Comm report: To pass as amended
March 16, 2025	Senate	Floor	Action	Second reading

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill modifies tax exemption conditions for electric power distribution systems used in farming under section 272.02, subdivision 19.",
      "modified": [
        "Clarifies that substations or transmission or generation equipment are not included in the exemption."
      ]
    },
    "citation": "272.02, subdivision 19"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill involves amendments to the section 273.38 regarding property tax valuation provisions.",
      "modified": [
        "Details on property tax valuation adjustments for electric cooperatives."
      ]
    },
    "citation": "273.38"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill amends section 273.41 relating to the distribution of property tax revenue.",
      "modified": [
        "Changes in the allocation of property tax revenues for electric power cooperatives."
      ]
    },
    "citation": "273.41"
  }
]