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House Journal: Page 1216: Tuesday, April 4, 1995

H-3717
 1     Amend the amendment, H-3710, to House File 370 as
 2   follows:
 3     1.  Page 1, by inserting after line 1 the
 4   following:
 5     "   .  Page 1, by inserting before line 1 the
 6   following:
 7     "Section 1.  Section 422.51, Code 1995, is amended
 8   by adding the following new subsection:
 9     NEW SUBSECTION.  5.  The taxes remitted pursuant to
10   this division shall be reduced by a methane energy
11   purchase tax credit.  An electric utility which has
12   purchased electricity from a methane-producing
13   sanitary landfill pursuant to section 476.43 shall be
14   granted the credit.  The credit shall equal the amount
15   paid by the electric utility in excess of its
16   incremental cost as defined in section 476.43A,
17   subsection 2.  The amount of the credit shall, in the
18   first instance, be determined by the electric utility,
19   which shall make a monthly report of such credits to
20   the Iowa utilities board and the department, deducting
21   this credit from the periodic deposits of taxes due
22   under this division.  If the department disputes the
23   amount of any such credit, such disputes shall be
24   resolved by the Iowa utilities board.""
25     2.  Page 2, by inserting after line 46 the
26   following:
27     "6A.  Whenever a contract approved by the board
28   requires an electric utility to purchase electricity
29   from a methane-producing sanitary landfill pursuant to
30   this section, the electric utility shall be entitled
31   to a methane energy purchase tax credit as provided in
32   section 422.51.  The electric utility shall reflect
33   the methane energy purchase tax credit received by the
34   electric utility in the electric utility's automatic
35   adjustment pursuant to section 476.6, subsection 11,
36   to the extent its payments to the methane-producing
37   sanitary landfill, in excess of the incremental cost
38   of alternative electric energy, were included in the
39   automatic adjustment clause."
40     3.  By renumbering as necessary.
Amendment H-3717 was adopted.
On motion by McCoy of Polk, amendment H-3710, as amended, was
adopted.
RULE 32 INVOKED
Siegrist of Pottawattamie asked and received unanimous consent 
to invoke Rule 32 to refer House File 370 to the committee on
ways and means.

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/76GA/Session.1/HJournal/01200/01216.html
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