Sliding Scale Market Value Exclusion Application for Electric Power Generation Efficiency - Minnesota

Sliding Scale Electric Power Generation Efficiency is a legal document that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota.

FAQ

Q: What is the Sliding Scale Market Value Exclusion Application for Electric Power Generation Efficiency in Minnesota?A: The Sliding Scale Market Value Exclusion is a program in Minnesota that provides financial incentives for electric power generation projects that demonstrate high efficiency.

Q: How does the Sliding Scale Market Value Exclusion work?A: The program allows eligible electric power generation projects to exclude a portion of their market value from property taxes based on their level of efficiency. The higher the efficiency, the higher the value exclusion.

Q: Who is eligible for the Sliding Scale Market Value Exclusion?A: Electric power generation projects in Minnesota that meet the efficiency criteria outlined in the program are eligible for the Market Value Exclusion.

Q: What are the benefits of the Sliding Scale Market Value Exclusion?A: The program provides financial incentives to encourage the development of efficient electric power generation projects, which helps reduce energy consumption and greenhouse gas emissions.

Q: How can I apply for the Sliding Scale Market Value Exclusion?A: To apply for the program, you will need to submit an application to the Minnesota Department of Revenue. The application process includes providing information on the project's efficiency and estimated market value.

Q: Is there a deadline for applying to the Sliding Scale Market Value Exclusion?A: Yes, applications for the program must be submitted by November 15th of each year to be considered for the following assessment year.