Bill Text: IA SF2326 | 2011-2012 | 84th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Introduced.html
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-Introduced.html
Senate
File
2326
-
Introduced
SENATE
FILE
2326
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
SF
2050)
A
BILL
FOR
An
Act
increasing
the
amount
of
generating
capacity
eligible
1
for
the
renewable
energy
tax
credit.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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2326
Section
1.
Section
476C.1,
subsection
6,
paragraph
d,
Code
1
Supplement
2011,
is
amended
to
read
as
follows:
2
d.
Was
initially
placed
into
service
on
or
after
July
1,
3
2005,
and
before
January
1,
2015
2020
.
4
Sec.
2.
Section
476C.3,
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
wind
energy
conversion
facilities
the
board
may
find
8
eligible
under
this
chapter
shall
not
exceed
three
hundred
9
sixty-three
megawatts
of
nameplate
generating
capacity.
10
Beginning
January
1,
2015,
through
December
31,
2019,
this
11
maximum
shall
be
increased
each
year
by
fifteen
megawatts
over
12
the
maximum
in
the
previous
year.
Beginning
January
1,
2020,
13
the
maximum
amount
of
nameplate
generating
capacity
of
all
14
wind
energy
conversion
facilities
the
board
may
find
eligible
15
under
this
chapter
shall
not
exceed
four
hundred
thirty-eight
16
megawatts
of
nameplate
generating
capacity.
17
b.
The
maximum
amount
of
energy
production
capacity
18
equivalent
of
all
other
facilities
the
board
may
find
eligible
19
under
this
chapter
shall
not
exceed
a
combined
output
of
20
fifty-three
megawatts
of
nameplate
generating
capacity
and
21
one
hundred
sixty-seven
billion
British
thermal
units
of
22
heat
for
a
commercial
purpose.
Beginning
January
1,
2015,
23
through
December
31,
2019,
this
maximum
shall
be
increased
24
each
year
by
the
energy
production
capacity
equivalent
of
a
25
combined
output
of
five
megawatts,
and
the
British
thermal
unit
26
equivalent,
over
the
maximum
in
the
previous
year.
Beginning
27
January
1,
2020,
the
maximum
amount
of
energy
production
28
capacity
equivalent
of
all
other
facilities
the
board
may
find
29
eligible
under
this
chapter
shall
not
exceed
seventy-eight
30
megawatts
of
nameplate
generating
capacity,
and
the
British
31
thermal
unit
equivalent.
Of
the
maximum
amount
of
energy
32
production
capacity
equivalent
of
all
other
facilities
found
33
eligible
under
this
chapter,
no
more
than
ten
megawatts
of
34
nameplate
generating
capacity
or
energy
production
capacity
35
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2326
equivalent
shall
be
allocated
to
any
one
facility.
Of
the
1
maximum
amount
of
energy
production
capacity
equivalent
of
all
2
other
facilities
found
eligible
under
this
chapter
,
fifty-five
3
billion
British
thermal
units
of
heat
for
a
commercial
purpose
4
shall
be
reserved
for
an
eligible
facility
that
is
a
refuse
5
conversion
facility
for
processed,
engineered
fuel
from
a
6
multicounty
solid
waste
management
planning
area.
The
maximum
7
amount
of
energy
production
capacity
the
board
may
find
8
eligible
for
a
single
refuse
conversion
facility
is
fifty-five
9
billion
British
thermal
units
of
heat
for
a
commercial
purpose.
10
Of
the
maximum
amount
of
energy
production
capacity
equivalent
11
of
all
other
facilities
found
eligible
under
this
chapter,
an
12
amount
equivalent
to
ten
megawatts
of
nameplate
generating
13
capacity
shall
be
reserved
for
eligible
renewable
energy
14
facilities
incorporated
within
or
associated
with
an
ethanol
15
cogeneration
plant
engaged
in
the
sale
of
ethanol
to
states
to
16
meet
a
low
carbon
fuel
standard.
17
Sec.
3.
Section
476C.5,
Code
Supplement
2011,
is
amended
to
18
read
as
follows:
19
476C.5
Certificate
issuance
period.
20
A
producer
or
purchaser
of
renewable
energy
may
receive
21
renewable
energy
tax
credit
certificates
for
a
ten-year
period
22
for
each
eligible
renewable
energy
facility
under
this
chapter
.
23
The
ten-year
period
for
issuance
of
the
tax
credit
certificates
24
begins
with
the
date
the
purchaser
of
renewable
energy
first
25
purchases
electricity,
hydrogen
fuel,
methane
gas
or
other
26
biogas
used
to
generate
electricity,
or
heat
for
commercial
27
purposes
from
the
eligible
renewable
energy
facility
for
28
which
a
tax
credit
is
issued
under
this
chapter
,
or
the
date
29
the
producer
of
the
renewable
energy
first
uses
the
energy
30
produced
by
the
eligible
renewable
energy
facility
for
on-site
31
consumption.
Renewable
energy
tax
credit
certificates
shall
32
not
be
issued
for
renewable
energy
purchased
or
produced
for
33
on-site
consumption
after
December
31,
2024
2029
.
34
EXPLANATION
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This
bill
relates
to
the
maximum
amount
of
generating
1
capacity
of
renewable
energy
facilities
eligible
for
the
2
renewable
energy
tax
credit
provided
in
Code
chapter
476C.
3
Currently,
the
maximum
amount
of
nameplate
generating
4
capacity
of
all
wind
energy
conversion
facilities
the
Iowa
5
utilities
board
may
find
eligible
for
the
tax
credit
shall
not
6
exceed
363
megawatts
of
nameplate
generating
capacity.
The
7
bill
provides
that
beginning
January
1,
2015,
this
maximum
8
shall
be
increased
by
15
megawatts
annually,
with
the
last
9
increase
occurring
January
1,
2019.
Also,
currently,
the
10
maximum
amount
of
energy
production
capacity
equivalent
of
11
nonwind
renewable
energy
facilities
the
board
may
find
eligible
12
for
the
tax
credit
shall
not
exceed
a
combined
output
of
53
13
megawatts
of
nameplate
generating
capacity
and
167
billion
14
British
thermal
units
of
heat
for
a
commercial
purpose.
The
15
bill
similarly
provides
that
beginning
January
1,
2015,
this
16
maximum
shall
be
increased
by
the
energy
production
capacity
17
equivalent
of
a
combined
output
of
five
megawatts
and
the
18
British
thermal
unit
equivalent
annually,
with
the
last
19
increase
occurring
January
1,
2019.
The
bill
specifies
the
20
resulting
maximum
amounts
of
capacity
applicable
each
year
21
beginning
January
1,
2020.
22
Consistent
with
these
annual
increases,
the
bill
extends
the
23
time
period
during
which
a
facility
must
be
placed
into
service
24
to
be
considered
an
eligible
renewable
energy
facility
from
the
25
current
limitation
of
prior
to
January
1,
2015,
to
prior
to
26
January
1,
2020.
A
conforming
change
is
also
made
extending
27
the
date
after
which
a
renewable
energy
tax
credit
certificate
28
shall
not
be
issued
from
December
31,
2024,
to
December
31,
29
2029.
30
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