Text: S05385 Text: S05387 Text: S05300 - S05399 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 2308 as follows: 1 2 #1. Page 2, by inserting after line 9 the 1 3 following: 1 4 "Sec. . Section 437A.5, Code 2001, is amended 1 5 by adding the following new subsection: 1 6 NEW SUBSECTION. 10. a. For purposes of this 1 7 subsection, "new gas-fired turbine generator system" 1 8 means such a system that initially generates 1 9 electricity subject to replacement generation tax 1 10 under section 437A.6 on or after January 1, 2002. 1 11 b. Notwithstanding anything to the contrary in 1 12 this chapter or the provisions of any other law or 1 13 charter, the board of supervisors of the county in 1 14 which a new gas-fired turbine generator system is 1 15 proposed to be located may enter into an agreement 1 16 with any person to exempt certain natural gas consumed 1 17 for generation purposes from the tax imposed by this 1 18 section on behalf of all local taxing authorities with 1 19 respect to all local taxing districts located within 1 20 that county for such period and upon such terms and 1 21 conditions as the board may determine, provided, 1 22 however, that this exemption shall apply only to 1 23 natural gas used or to be used by a new gas-fired 1 24 turbine generator system located in that county to 1 25 generate electricity subject to the replacement 1 26 generation tax imposed by section 437A.6. 1 27 c. The board of supervisors shall consult local 1 28 taxing authorities within the county as to the 1 29 advisability of entering into such an agreement and 1 30 the positive economic impact that granting an 1 31 exemption would have on the county. 1 32 d. During the period that any exemption granted in 1 33 accordance with this subsection is in effect, any 1 34 delivery of natural gas used or to be used by a new 1 35 gas-fired turbine generator system located in that 1 36 county to generate electricity shall be excluded for 1 37 purposes of computing the recalculation of replacement 1 38 tax on the delivery of natural gas under this 1 39 section." 1 40 #2. By renumbering, redesignating, and correcting 1 41 internal references as necessary. 1 42 1 43 1 44 1 45 SANDRA GREINER 1 46 1 47 1 48 1 49 DAVID MILLER 1 50 SF 2308.201 79 2 1 jj/sh
Text: S05385 Text: S05387 Text: S05300 - S05399 Text: S Index Bills and Amendments: General Index Bill History: General Index
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