Criteria modification for an eligible taxing jurisdiction to qualify for aid

This bill modifies how Minnesota calculates transition aid for local governments that host electric generating plants powered by coal, nuclear, or natural gas. It changes the criteria for qualifying jurisdictions to receive financial assistance when these power plants retire or switch fuel sources, with new rules taking effect for aid payments in 2027 and later. The legislation updates how aid amounts are calculated based on tax capacity changes and introduces stricter thresholds for continuing to receive aid, including a provision that eliminates aid if a jurisdiction's overall tax capacity grows beyond certain limits. Local governments, public utilities, and the state Department of Revenue are the primary entities affected by these changes to the existing aid program.