Tax Court Ruling for Enbridge Could Cost Counties Millions

Tax Court Ruling for Enbridge Could Cost Counties Millions Photo: KSTP/ File

May 15, 2018 12:28 PM

A Minnesota Tax Court ruling says the state has overvalued Enbridge Energy's pipeline system in Minnesota, a decision that could leave several counties owing tens of millions of dollars in refunds.

Enbridge says it was overtaxed by $55 million from 2012 to 2017. Tuesday's ruling covers the first three years, when Enbridge says it was overtaxed by $15 million to $20 million.

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The Associated Press

(Copyright 2018 by The Associated Press. All Rights Reserved.)

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