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Read. Follow. Verify.Minnesota House Bill 506 modifies electric cooperative property tax exemptions and valuations
Last action · February 13, 2025: Introduction and first reading, referred to TaxesSponsor: Greg Davids
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What This Bill Proposed
HF 506 modifies property tax exemptions, valuation methods, and tax distribution provisions for electric cooperatives starting in 2026. The bill clarifies that electric power distribution systems used to supply electricity to farmers at retail—excluding s, transmission, or generation equipment—are tax-exempt. It also sets an annual tax of $10 for each 100 members on applicable cooperative associations, payable to the commissioner of revenue by March 1.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Electric cooperatives
Electric cooperatives face modified property tax exemptions, valuation rules, and an annual member-based tax payable to the commissioner of revenue.
Farmers
Farmers receiving retail electricity from qualifying distribution systems are tied to the property tax exemptions applied to those rural distribution lines.
Commissioner of Revenue
The commissioner of revenue receives the cooperative tax payments, collects penalties and interest, and deposits the funds into the state general fund.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What property is exempt from property taxes under the bill?
How much is the tax imposed on electric cooperative associations?
When does the tax need to be paid?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · introduced in the House.
Procedural history
1 action- Feb 13, 2025HouseIntroducedIntroduction and first reading, referred to Taxes
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.revisor.mn.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 40)
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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