Bill Text: IA SSB1136 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A study bill for an act relating to qualification for and receipt of the wind energy and renewable energy tax credits.
Spectrum: Unknown
Status: (N/A - Dead) 2013-02-11 - Ways and Means: Hogg Chair,Black, and Behn. [SSB1136 Detail]
Download: Iowa-2013-SSB1136-Introduced.html
Senate
Study
Bill
1136
-
Introduced
SENATE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
WAYS
AND
MEANS
BILL
BY
CHAIRPERSON
BOLKCOM)
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
TLSB
1993XC
(2)
85
rn/sc
S.F.
_____
Section
1.
Section
476B.1,
subsection
4,
paragraph
c,
Code
1
2013,
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
2013,
is
amended
5
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
2013,
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
2013,
is
amended
22
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
-1-
LSB
1993XC
(2)
85
rn/sc
1/
4
S.F.
_____
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
Sec.
5.
Section
476C.5,
Code
2013,
is
amended
to
read
as
33
follows:
34
476C.5
Certificate
issuance
period.
35
-2-
LSB
1993XC
(2)
85
rn/sc
2/
4
S.F.
_____
A
producer
or
purchaser
of
renewable
energy
may
receive
1
renewable
energy
tax
credit
certificates
for
a
ten-year
period
2
for
each
eligible
renewable
energy
facility
under
this
chapter
.
3
The
ten-year
period
for
issuance
of
the
tax
credit
certificates
4
begins
with
the
date
the
purchaser
of
renewable
energy
first
5
purchases
electricity,
hydrogen
fuel,
methane
gas
,
or
other
6
biogas
used
to
generate
electricity
,
or
heat
for
commercial
7
purposes
from
the
eligible
renewable
energy
facility
for
8
which
a
tax
credit
is
issued
under
this
chapter
,
or
the
date
9
the
producer
of
the
renewable
energy
first
uses
the
energy
10
produced
by
the
eligible
renewable
energy
facility
for
on-site
11
consumption.
Renewable
energy
tax
credit
certificates
shall
12
not
be
issued
for
renewable
energy
purchased
or
produced
for
13
on-site
consumption
after
December
31,
2024
2029
.
14
EXPLANATION
15
This
bill
modifies
provisions
relating
to
qualifying
for
and
16
receiving
the
wind
energy
and
renewable
energy
tax
credits.
17
Concerning
the
wind
energy
tax
credit
established
in
Code
18
chapter
476B,
the
bill
extends
by
one
year
the
date
by
which
a
19
facility
must
be
placed
in
service
in
order
to
be
considered
a
20
qualified
facility.
The
date
is
extended
from
July
1,
2012,
to
21
July
1,
2013.
The
bill
provides
that
if
additional
nameplate
22
generating
capacity
becomes
available
within
the
50
megawatt
23
maximum
capacity
restrictions
for
qualified
facilities
pursuant
24
to
Code
section
476B.5,
subsection
4,
the
amount
that
has
25
become
available,
plus
an
additional
amount
necessary
to
render
26
a
facility
fully
operational,
if
applicable,
may
be
awarded
27
to
the
applicant
who
has
awaited
available
capacity
for
the
28
longest
period
since
receiving
approval
by
the
Iowa
utilities
29
board.
30
Concerning
the
renewable
energy
tax
credit
established
in
31
Code
chapter
476C,
the
bill
similarly
extends
the
date
by
which
32
a
facility
must
be
placed
in
service
in
order
to
be
considered
33
an
eligible
renewable
energy
facility
from
January
1,
2015,
to
34
January
1,
2020.
A
conforming
change
is
also
made
extending
35
-3-
LSB
1993XC
(2)
85
rn/sc
3/
4
S.F.
_____
the
date
after
which
a
renewable
energy
tax
credit
certificate
1
shall
not
be
issued
from
December
31,
2024,
to
December
31,
2
2029.
3
Additionally,
with
regard
to
the
renewable
energy
tax
4
credit,
currently
the
maximum
amount
of
nameplate
generating
5
capacity
of
all
wind
energy
conversion
facilities
the
board
6
may
find
eligible
shall
not
exceed
363
megawatts.
The
bill
7
provides
that
beginning
January
1,
2015,
this
maximum
shall
8
be
increased
by
15
megawatts
annually,
with
the
last
increase
9
occurring
January
1,
2019.
The
bill
specifies
that
of
this
10
maximum
capacity,
five
megawatts
shall
be
reserved
for
wind
11
energy
conversion
facilities
located
in
small
wind
innovation
12
zones
created
under
Code
section
476.48.
Further,
currently
13
the
maximum
amount
of
energy
production
capacity
equivalent
of
14
nonwind
renewable
energy
facilities
the
board
may
find
eligible
15
shall
not
exceed
a
combined
output
of
53
megawatts
and
167
16
billion
British
thermal
units
of
heat
for
a
commercial
purpose.
17
The
bill
provides
that
beginning
January
1,
2015,
this
maximum
18
shall
be
increased
by
the
energy
production
capacity
equivalent
19
of
a
combined
output
of
five
megawatts
and
the
British
thermal
20
unit
equivalent
annually,
with
the
last
increase
occurring
21
January
1,
2019.
The
bill
specifies
the
resulting
maximum
22
amounts
of
capacity
applicable
each
year
beginning
January
1,
23
2020,
for
both
wind
energy
conversion
facilities
and
nonwind
24
renewable
energy
facilities.
25
-4-
LSB
1993XC
(2)
85
rn/sc
4/
4