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<br />1 could be subject to reductions or elimination over time. Furthermore, replacement revenues or . <br />2 .. aids may riot fully address the problems created by a large tax base reduction. <br />3 <br />4 Response: Cities oppose proposals for exempting the IODs from the personal <br />5 property tax, apart from the decision to restructure the electric industry in Minnesota. <br />6 <br />7 If and when restructuring occurs, a truly independent review of the overall tax <br />. g '.burden should he conducted to determine whether Minnesota utilities are at a competitive <br />9 disadvantage. If an overall tax disadvantage is identified, the state should correct it. Under <br />. 10 no circumstances should local units of government or their citizens he required to shoulder <br />11 the burden of tax relief for IOUs. <br />12 <br />13 <br /> <br />42 <br /> <br />. <br /> <br />. <br />