Text: S05470 Text: S05472 Text: S05400 - S05499 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. Notwithstanding anything 1 7 to the contrary in this chapter or the provisions of 1 8 any other law or charter, the board of supervisors of 1 9 a county, in which a natural gas-fired turbine 1 10 generator system is proposed to be located or is 1 11 located, may enter into an agreement described in this 1 12 paragraph with any person. The agreement may provide 1 13 that the board will pay to any person designated in 1 14 the agreement a sum equal to all or any part of the 1 15 amount of the tax paid to that county and to all local 1 16 taxing districts located within that county pursuant 1 17 to this section, with respect to natural gas used or 1 18 to be used by a natural gas-fired turbine generator 1 19 system located in that county to generate electricity, 1 20 for such period and upon such terms and conditions as 1 21 the board may determine. 1 22 b. The board of supervisors shall consult local 1 23 taxing authorities within the county as to the 1 24 advisability of entering into such an agreement and 1 25 the positive economic impact that granting an 1 26 exemption would have on the county. 1 27 c. During the period that any agreement entered 1 28 into in accordance with this subsection is in effect, 1 29 any delivery of natural gas used or to be used by a 1 30 new gas-fired turbine generator system located in that 1 31 county to generate electricity shall be excluded for 1 32 purposes of computing the recalculation of replacement 1 33 tax on the delivery of natural gas under this 1 34 section." 1 35 #2. By renumbering, redesignating, and correcting 1 36 internal references as necessary. 1 37 1 38 1 39 1 40 DAVID MILLER 1 41 SANDRA GREINER 1 42 SF 2308.301 79 1 43 jj/cf
Text: S05470 Text: S05472 Text: S05400 - S05499 Text: S Index Bills and Amendments: General Index Bill History: General Index
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