Judge: Minnesota overvalued Enbridge pipelines. Counties could be stuck with huge refunds.

The Minnesota Department of Revenue overvalued Enbridge Energy’s oil pipeline system by billions of dollars, a tax court judge ruled Tuesday. Now the burden of paying refunds could fall on the 13 counties that the pipelines pass through.

From 2012 to 2014, the pipelines were overvalued by $3.2 billion, according to Judge Joanne Turner of the Minnesota Tax Court.

https://www.twincities.com/2018/05/15/judge-minnesota-overvalued-enbridge-pipelines-counties-could-be-stuck-with-huge-refunds/