Minnesota HF4937: Electric generation transition aid; criteria for an eligible taxing jurisdiction to qualify for aid modified, and calculation of aid modified.

What the bill says

A bill for an act relating to taxation; electric generation transition aid; modifying the criteria for an eligible taxing jurisdiction to qualify for aid; modifying the calculation of aid; amending Minnesota Statutes 2024, section 477A.24, subdivisions 1, 3, 5; Minnesota Statutes 2025 Supplement, section 477A.24, subdivision 2.

From the introduced text, April 13, 2026:

A bill for an act relating to taxation; electric generation transition aid; modifying the criteria for an eligible taxing jurisdiction to qualify for aid; modifying the calculation of aid; amending Minnesota Statutes 2024, section 477A.24, subdivisions 1, 3, 5; Minnesota Statutes 2025 Supplement, section 477A.24, subdivision 2. Section 1. Minnesota Statutes 2024, section 477A.24, subdivision 1, is amended to read: Subdivision 1. Definitions. (a) For purposes of this section, the following terms have the meanings given. (b) "Electric generating unit" means a single generating unit at an electric generating plant powered by coal, nuclear, or natural gas. (c) "Electric generation property" means taxable property of an electric generating plant owned by a public utility, as defined in section 216B.02, subdivision 4, that is powered by coal, nuclear, or natural gas and located in an eligible taxing jurisdiction. (d) "Eligible taxing jurisdiction" means a county, home rule charter or statutory city, town, or school district. (e) "Unit base year" means the assessment year in which the assessed value of electric generation property is reduced due to the retirement new text begin [ADDED: or fuel source conversion ] new text end of the electric generating unit. (f) "Unit differential" means (1) the tax capacity of electric generation property in the assessment year preceding the unit base year, minus (2) the tax capacity …

Read the full official text

Sponsors

• Shane Mekeland (R) · primary sponsor
• Josiah Hill (D)

Latest actions

1. April 13, 2026: Introduction and first reading, referred to Taxes

Common questions

What is HF4937?

HF4937 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Electric generation transition aid; criteria for an eligible taxing jurisdiction to qualify for aid modified, and calculation of aid modified.

What does HF4937 do?

In its own words: A bill for an act relating to taxation; electric generation transition aid; modifying the criteria for an eligible taxing jurisdiction to qualify for aid; modifying the calculation of aid; amending Minnesota Statutes 2024, section 477A.24, subdivisions 1, 3, 5; Minnesota Statutes 2025 Supplement, section 477A.24, subdivision 2.

What is the status of HF4937?

In committee as of April 13, 2026. Latest action: Introduction and first reading, referred to Taxes (April 13, 2026).

Who sponsored HF4937?

Shane Mekeland (R), with 1 co-sponsor.

Where is the official record for HF4937?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=HF4937&y=2025&ssn=0&b=house