Electric generation facility property tax exemption provision

SF 2615 creates a property tax exemption for specific natural gas-powered electric generation facilities in Minnesota. The exemption applies only to facilities with 40-50 megawatts of capacity that are owned by municipal power agencies, located outside the metro area, near existing natural gas pipelines, and approved by local governments. Facilities must also meet resource deficiency requirements in an approved energy plan and begin construction between 2026 and 2028. The exemption covers the facility's personal property (not transmission lines) and applies to property taxes payable in 2029.