House
Study
Bill
181
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
WAYS
AND
MEANS
BILL
BY
CHAIRPERSON
VANDER
LINDEN)
A
BILL
FOR
An
Act
providing
for
the
inclusion
of
previously
produced
1
renewable
energy
in
calculating
the
renewable
energy
tax
2
credit
amount
for
certain
producers
of
renewable
energy,
3
and
including
effective
date
and
retroactive
applicability
4
provisions.
5
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
6
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2643YC
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H.F.
_____
Section
1.
Section
476C.4,
Code
2017,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
2A.
Notwithstanding
any
provision
to
3
the
contrary,
a
producer
of
renewable
energy
may
include
4
electricity,
heat
for
a
commercial
purpose,
methane
gas
or
5
other
biogas,
or
hydrogen
fuel
generated
by
the
producer
on
or
6
after
January
1,
2013,
while
the
producer
was
included
on
the
7
waiting
list
of
eligible
renewable
energy
facilities
pursuant
8
to
section
476C.3,
subsection
6,
and
for
which
a
tax
credit
9
certificate
was
not
previously
received,
in
calculating
the
10
amount
of
the
tax
credit
for
which
the
producer
is
eligible
in
11
the
current
tax
year.
12
Sec.
2.
EFFECTIVE
UPON
ENACTMENT.
This
Act,
being
deemed
of
13
immediate
importance,
takes
effect
upon
enactment.
14
Sec.
3.
RETROACTIVE
APPLICABILITY.
This
Act
applies
15
retroactively
to
January
1,
2014,
for
applications
for
a
16
renewable
energy
tax
credit
received
by
the
Iowa
utilities
17
board
on
or
after
that
date.
18
Sec.
4.
RETROACTIVE
APPLICABILITY.
This
Act
applies
19
retroactively
to
January
1,
2014,
for
tax
years
beginning
on
20
or
after
that
date.
21
EXPLANATION
22
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
23
the
explanation’s
substance
by
the
members
of
the
general
assembly.
24
Code
chapter
476C
allows
eligible
producers
of
renewable
25
energy
to
apply
for
and
receive
a
renewable
energy
tax
credit.
26
Code
section
476C.4(2)
requires
the
department
of
revenue
to
27
calculate
the
amount
of
the
tax
credit
for
which
a
producer
of
28
renewable
energy
is
eligible
and
issue
a
tax
credit
certificate
29
to
the
applicant
in
that
amount.
30
This
bill
provides
that
notwithstanding
any
provision
to
the
31
contrary,
a
producer
of
renewable
energy
may
include
renewable
32
energy
generated
by
the
producer
on
or
after
January
1,
2013,
33
while
the
producer
was
included
on
the
waiting
list
of
eligible
34
renewable
energy
facilities
pursuant
to
Code
section
476C.3(6),
35
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_____
and
for
which
a
tax
credit
certificate
was
not
previously
1
received,
for
purposes
of
calculating
the
tax
credit
amount
2
that
the
producer
is
eligible
for
in
the
current
tax
year.
3
The
bill
takes
effect
upon
enactment
and
is
retroactively
4
applicable
to
January
1,
2014,
for
applications
for
a
renewable
5
energy
tax
credit
received
by
the
Iowa
utilities
board
on
or
6
after
that
date
and
for
tax
years
beginning
on
or
after
that
7
date.
8
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