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INCOME TAX CREDITS FOR ENERGY IMPROVEMENTS <br /> HF 1455 Rep. David Bly(DFL-Northfield) <br /> SF 1657 Sen. Kevin Dahle (DFL-Northfield) <br /> To provide an income tax credit to family farm businesses or small businesses in rural areas for <br /> the installation of certain energy systems, including: geothermal heat exchangers, small or farm- <br /> scale wind turbines, solar thermal arrays, or storage. The amount of the credit would be up to 30 <br /> percent of the project cost. <br /> STATUS: SF 1657 received a hearing in the Senate Tax Committee,but was not included in an <br /> omnibus bill. HF 1455 did not receive a hearing in the House. <br /> ELECTRIC GENERATION PROPERTY TAX REFORM <br /> HF 2162 Rep. Ann Lenczewski (DFL-Bloomington) <br /> SF 1636 Sen. Rod Skoe(DFL-Clearbrook) <br /> To remove electric generation machinery from the personal property tax and repeal the current <br /> exemptions utilized by electric generation(Pollution Control Exemption, Sliding Scale <br /> Exclusion, and individual facility exemptions). The tax base of an electric generation facility <br /> would be determined with a new formula based on production and capacity. The formula <br /> includes an annual inflator based on Minnesota's residential electric rate increase (as reported to <br /> the EIA). <br /> STATUS: Electric generation property tax reform was discussed extensively in the Senate Tax <br /> Committee and included in the Senate omnibus tax bill(SF 826). In the omnibus, wind and solar <br /> generation were allowed to remain on their current production tax rather than switching to the <br /> new formula. This legislation was not heard in the House. The 2015 Legislative Session <br /> concluded without the passage of a tax bill. <br /> BORDER-TO-BORDER BROADBAND INCOME TAX CREDIT <br /> HF 2373 Rep. Erik Simonson(DFL-Duluth) <br /> No Senate companion <br /> To create an income tax credit in the Border-to-Border Broadband Infrastructure Grant Program. <br /> Credits could be carried forward against taxpayer liabilities for up to 10 years. <br /> STATUS: This bill did not receive a committee hearing in the House. <br /> *This bill is also noted in the Telecom section. <br /> 156 <br />