Bill Text: IA SF2326 | 2011-2012 | 84th General Assembly | Amended
Bill Title: A bill for an act relating to qualification for and receipt of the wind energy and renewable energy tax credits. (Formerly SF 2050.)
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2012-05-08 - Rereferred to Ways & Means. H.J. 941. [SF2326 Detail]
Download: Iowa-2011-SF2326-Amended.html
Senate
File
2326
-
Reprinted
SENATE
FILE
2326
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
SF
2050)
(As
Amended
and
Passed
by
the
Senate
April
10,
2012
)
A
BILL
FOR
An
Act
relating
to
qualification
for
and
receipt
of
the
wind
1
energy
and
renewable
energy
tax
credits.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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2326
Section
1.
Section
476B.1,
subsection
4,
paragraph
c,
Code
1
2011,
is
amended
to
read
as
follows:
2
c.
Was
originally
placed
in
service
on
or
after
July
1,
3
2005,
but
before
July
1,
2012
2013
.
4
Sec.
2.
Section
476B.5,
subsection
4,
Code
Supplement
2011,
5
is
amended
to
read
as
follows:
6
4.
a.
The
maximum
amount
of
nameplate
generating
capacity
7
of
all
qualified
facilities
the
board
may
find
eligible
under
8
this
chapter
shall
not
exceed
fifty
megawatts
of
nameplate
9
generating
capacity.
10
b.
If
additional
capacity
becomes
available
within
the
11
capacity
restrictions
of
paragraph
“a”
of
this
subsection,
the
12
amount
of
available
capacity,
plus
an
additional
amount
of
13
capacity
necessary
to
render
a
facility
fully
operational,
if
14
applicable,
may
be
awarded
to
the
applicant
who
has
awaited
15
available
capacity
for
the
longest
period
since
receiving
16
approval.
17
Sec.
3.
Section
476C.1,
subsection
6,
paragraph
d,
Code
18
Supplement
2011,
is
amended
to
read
as
follows:
19
d.
Was
initially
placed
into
service
on
or
after
July
1,
20
2005,
and
before
January
1,
2015
2020
.
21
Sec.
4.
Section
476C.3,
subsection
4,
Code
Supplement
2011,
22
is
amended
to
read
as
follows:
23
4.
a.
The
maximum
amount
of
nameplate
generating
capacity
24
of
all
wind
energy
conversion
facilities
the
board
may
find
25
eligible
under
this
chapter
shall
not
exceed
three
hundred
26
sixty-three
megawatts
of
nameplate
generating
capacity.
27
Beginning
January
1,
2015,
through
December
31,
2019,
this
28
maximum
shall
be
increased
each
year
by
fifteen
megawatts
over
29
the
maximum
in
the
previous
year.
Beginning
January
1,
2020,
30
the
maximum
amount
of
nameplate
generating
capacity
of
all
31
wind
energy
conversion
facilities
the
board
may
find
eligible
32
under
this
chapter
shall
not
exceed
four
hundred
thirty-eight
33
megawatts
of
nameplate
generating
capacity.
Of
the
maximum
34
amount
of
nameplate
generating
capacity
for
all
wind
energy
35
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conversion
facilities
the
board
may
find
eligible
under
this
1
chapter,
five
megawatts
of
nameplate
generating
capacity
shall
2
be
reserved
for
wind
energy
conversion
facilities
located
in
3
small
wind
innovation
zones
created
under
section
476.48.
4
b.
The
maximum
amount
of
energy
production
capacity
5
equivalent
of
all
other
facilities
the
board
may
find
eligible
6
under
this
chapter
shall
not
exceed
a
combined
output
of
7
fifty-three
megawatts
of
nameplate
generating
capacity
and
8
one
hundred
sixty-seven
billion
British
thermal
units
of
9
heat
for
a
commercial
purpose.
Beginning
January
1,
2015,
10
through
December
31,
2019,
this
maximum
shall
be
increased
11
each
year
by
the
energy
production
capacity
equivalent
of
a
12
combined
output
of
five
megawatts,
and
the
British
thermal
unit
13
equivalent,
over
the
maximum
in
the
previous
year.
Beginning
14
January
1,
2020,
the
maximum
amount
of
energy
production
15
capacity
equivalent
of
all
other
facilities
the
board
may
find
16
eligible
under
this
chapter
shall
not
exceed
seventy-eight
17
megawatts
of
nameplate
generating
capacity,
and
the
British
18
thermal
unit
equivalent.
Of
the
maximum
amount
of
energy
19
production
capacity
equivalent
of
all
other
facilities
found
20
eligible
under
this
chapter,
no
more
than
ten
megawatts
of
21
nameplate
generating
capacity
or
energy
production
capacity
22
equivalent
shall
be
allocated
to
any
one
facility.
Of
the
23
maximum
amount
of
energy
production
capacity
equivalent
of
all
24
other
facilities
found
eligible
under
this
chapter
,
fifty-five
25
billion
British
thermal
units
of
heat
for
a
commercial
purpose
26
shall
be
reserved
for
an
eligible
facility
that
is
a
refuse
27
conversion
facility
for
processed,
engineered
fuel
from
a
28
multicounty
solid
waste
management
planning
area.
The
maximum
29
amount
of
energy
production
capacity
the
board
may
find
30
eligible
for
a
single
refuse
conversion
facility
is
fifty-five
31
billion
British
thermal
units
of
heat
for
a
commercial
purpose.
32
Of
the
maximum
amount
of
energy
production
capacity
equivalent
33
of
all
other
facilities
found
eligible
under
this
chapter,
an
34
amount
equivalent
to
ten
megawatts
of
nameplate
generating
35
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capacity
shall
be
reserved
for
eligible
renewable
energy
1
facilities
incorporated
within
or
associated
with
an
ethanol
2
cogeneration
plant
engaged
in
the
sale
of
ethanol
to
states
to
3
meet
a
low
carbon
fuel
standard.
4
Sec.
5.
Section
476C.3,
Code
Supplement
2011,
is
amended
by
5
adding
the
following
new
subsection:
6
NEW
SUBSECTION
.
4A.
Notwithstanding
the
definition
7
of
“eligible
renewable
energy
facility”
in
section
476C.1,
8
subsection
6,
unnumbered
paragraph
1,
of
the
maximum
amount
of
9
energy
production
capacity
equivalent
of
all
other
facilities
10
found
eligible
pursuant
to
subsection
4,
paragraph
“b”
,
an
11
amount
equivalent
to
ten
megawatts
of
nameplate
generating
12
capacity
shall
be
reserved
for
natural
gas
cogeneration
13
facilities
incorporated
within
or
associated
with
an
ethanol
14
plant
to
assist
the
ethanol
plant
in
meeting
a
low
carbon
fuel
15
standard.
16
Sec.
6.
Section
476C.5,
Code
Supplement
2011,
is
amended
to
17
read
as
follows:
18
476C.5
Certificate
issuance
period.
19
A
producer
or
purchaser
of
renewable
energy
may
receive
20
renewable
energy
tax
credit
certificates
for
a
ten-year
period
21
for
each
eligible
renewable
energy
facility
under
this
chapter
.
22
The
ten-year
period
for
issuance
of
the
tax
credit
certificates
23
begins
with
the
date
the
purchaser
of
renewable
energy
first
24
purchases
electricity,
hydrogen
fuel,
methane
gas
or
other
25
biogas
used
to
generate
electricity,
or
heat
for
commercial
26
purposes
from
the
eligible
renewable
energy
facility
for
27
which
a
tax
credit
is
issued
under
this
chapter
,
or
the
date
28
the
producer
of
the
renewable
energy
first
uses
the
energy
29
produced
by
the
eligible
renewable
energy
facility
for
on-site
30
consumption.
Renewable
energy
tax
credit
certificates
shall
31
not
be
issued
for
renewable
energy
purchased
or
produced
for
32
on-site
consumption
after
December
31,
2024
2029
.
33
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