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Panel considers personal property tax exemption for Owatonna peaking plant to keep municipal rates competitive
Summary
Senate File 2615 would exempt personal property tied to a proposed 49‑megawatt natural gas peaking plant in Owatonna from local property taxation, subject to siting and timing requirements; supporters say the move would keep municipal power agency rates competitive.
Senate File 2615, presented in the Senate Taxes Committee, would exempt personal property associated with certain electric generation facilities from property taxation or payment in lieu of taxation. The exemption is narrowly defined in the bill draft to apply to generation equipment for facilities between 40 and 50 megawatts that use natural gas as a primary fuel, are owned and operated by a municipal power agency and meet siting and approval requirements.
Senator Jasinski said the exemption request is intended to place the Southern…
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