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Committee advances bill clarifying electric cooperative property-tax exemption; supporters cite large assessments on small co-ops
Summary
Senate File 132 would update statutory language about “attachments and appurtenances” to exempt rural electric distribution systems from property tax; proponents say recent assessments raised bills for small cooperatives and the Department of Revenue supports updated language; committee laid the bill on the table for further action.
Senate File 132, a bill to update how Minnesota taxes elements of electric distribution systems, was heard by the Minnesota Senate Taxes Committee. Sponsor Sen. Zach Putnam said the bill replaces the phrase “attachments and appurtenances” with broader language describing distribution systems (excluding substations or transmission or generation equipment) to reflect modern technology and restore the original…
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