Text: S05492 Text: S05494 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, subsequent to the payment of tax
1 15 required under this section, a sum equal to all or any
1 16 part of the amount of the tax paid to that county and
1 17 to all local taxing districts located within that
1 18 county pursuant to this section, with respect to
1 19 natural gas used or to be used by a natural gas-fired
1 20 turbine generator system located in that county to
1 21 generate electricity, for such period and upon such
1 22 terms and conditions as the board may determine.
1 23 b. The board of supervisors shall consult local
1 24 taxing authorities within the county as to the
1 25 advisability of entering into such an agreement and
1 26 the positive economic impact that the agreement would
1 27 have on the county.
1 28 c. During the period that any agreement entered
1 29 into in accordance with this subsection is in effect,
1 30 any delivery of natural gas used or to be used by a
1 31 new gas-fired turbine generator system located in that
1 32 county to generate electricity shall be excluded for
1 33 purposes of computing the recalculation of replacement
1 34 tax on the delivery of natural gas under this
1 35 section."
1 36 #2. By renumbering, redesignating, and correcting
1 37 internal references as necessary.
1 38
1 39
1 40
1 41 DAVID MILLER
1 42 SANDRA GREINER
1 43 SF 2308.501 79
1 44 jj/pj
Text: S05492 Text: S05494 Text: S05400 - S05499 Text: S Index Bills and Amendments: General Index Bill History: General Index
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