Electric generation facility property tax exemption established.

This bill creates a property tax exemption for specific electric generation facilities in Minnesota that produce between 40 and 50 megawatts of power. The exemption applies only to personal property like machinery at facilities that use natural gas as their primary fuel, are owned by municipal power agencies, and are located outside the metropolitan area. To qualify, facilities must be built between January 1, 2027, and January 1, 2030, be within 1,000 feet of an existing natural gas pipeline, address a resource gap identified in state energy planning, and receive approval from local city and county governments. The tax exemption would begin with property taxes payable in 2030 and does not extend to transmission lines, interconnections, or gas pipelines.