Property tax exemption provided for an electric generation facility.

HF 1773 creates a property tax exemption for personal property at specific natural gas-powered electric generation facilities in Minnesota. The exemption applies only to facilities between 40-50 megawatts with natural gas as the primary fuel, owned by municipal power agencies, located outside the metro area near existing gas pipelines, and meeting resource planning requirements. Facilities must also secure local government approval and begin construction between 2026-2028. The exemption takes effect for property taxes payable in 2029 and excludes transmission lines, pipelines, and interconnections. This directly affects qualifying municipal power agencies building new natural gas plants meeting all specified criteria.