§ 17-05-12 — Exemption from property taxes

Transmission facilities built under this chapter are exempt from property taxes for a period
determined by the authority not to exceed the first five taxable years of operation; after this initial
period, transmission lines of two hundred thirty kilovolts or larger and the transmission lines'
associated transmission substations remain exempt from property taxes but are subject to a per
mile tax at the full per mile rate and subject to the same manner of imposition and allocation as
the per mile tax imposed by section 57-33.2-02 without application of the discounts provided in
that section.