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.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 16, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 16, 2025 | Senate | Floor | Action | Referred to | Taxes |
| January 21, 2025 | Senate | Floor | Action | Author added | |
| January 23, 2025 | Senate | Floor | Action | Author added | |
| March 17, 2025 | Senate | Floor | Action | Comm report: To pass as amended | |
| March 17, 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"
}
]