Introduced
by
To exempt alternative energy systems, vehicles, and technology from the personal property tax (capital equipment tax).
Referred to the Committee on Energy and Technology
Substitute offered
To replace the previous version of the bill with one which only authorizes MNEA to grant exemptions from state and local school operating taxes, but authorizes a local tax collecting unit to approve exemptions from all other local taxes. Changes to other bills in the package require any state school tax exemptions on personal property to be repaid to the school aid fund from the state general fund (funded by other state tax revenues).
The substitute passed by voice vote
Passed in the House 101 to 3 (details)
To exempt certain "alternative energy personal property" from the collection of state and local school operating taxes. Further, a local tax collecting unit could approve exemptions from all other local taxes. "Alternative energy personal property" would mean an alternative energy system or vehicle, all personal property of an alternative energy technology business, or of another business if used solely for the purpose of researching, developing, or manufacturing an alternative energy technology. The exemption would apply from December 31, 2002 to January 1, 2013, and would not apply to real property.
Substitute offered
by
To replace the previous version of the bill with one that would let local governments and school districts to "opt out" of the exemption and still impose their portion of the tax, in which case the exemption would apply only to the six-mills levied by the state for school operating expenses.
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
To exempt new qualified business alternative energy systems, vehicles, and technology from the personal property tax (capital equipment tax), as well as all personal property possessed by an alternative energy business, or the portion of a non-alternative energy business’s property dedicated to research in the field. Local governments and school districts could "opt out" of the exemption and still impose certain portions of the tax.
Substitute offered
by
To replace the previous version of the bill with one which would remove the State Treasurer's authority to veto the state portion of the tax exemption, and to narrow the school district “opt out” of the exemption, so it would apply only to sinking fund taxes and regular school bond debt millage taxes. (The Senate version allowed an opt-out of exemptions for non-homestead operating expense taxes levied on personal property, which go to the state, not the local district, and for which the state School Aid Fund will already be reimbursed by the state general fund).
The substitute passed by voice vote
Passed in the House 102 to 1 (details)
To exempt new qualified business alternative energy systems, vehicles, and technology from the personal property tax (capital equipment tax), as well as all personal property possessed by an alternative energy business, or the portion of a non-alternative energy business’s property dedicated to research in the field. Local governments and school districts could "opt out" of the exemption and still impose their portion of the tax, in which case the exemption would apply only to the six-mills levied by the state for school operating expenses.
Passed in the Senate 32 to 0 (details)
To concur with the House-passed version of the bill.
