Text: S05129                            Text: S05131
Text: S05100 - S05199                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 5130

Amendment Text

PAG LIN
  1  1    Amend Senate File 2026 as follows:
  1  2    #1.  Page 1, line 4, by inserting after the word
  1  3 ""b"," the following:  "a partial exemption on".
  1  4    #2.  Page 1, line 10, by inserting after the word
  1  5 "The" the following:  "partial".
  1  6    #3.  Page 1, line 22, by striking the words and
  1  7 figures "through December 31, 2005,".
  1  8    #4.  Page 1, lines 24 and 25, by striking the words
  1  9 and figures "through December 31, 2005,".
  1 10    #5.  Page 1, by striking lines 26 through 32.
  1 11    #6.  Page 1, line 33, by inserting after the word
  1 12 "The" the following:  "partial".
  1 13    #7.  Page 1, by inserting after line 35 the
  1 14 following:
  1 15    "Sec.    .  Section 423.43, subsection 3, as
  1 16 enacted by 2003 Iowa Acts, First Extraordinary
  1 17 Session, chapter 2, section 136, is amended to read as
  1 18 follows:
  1 19    3.  a.  The revenue arising on or after January 1,
  1 20 2005, from the sales or use tax imposed on utilities
  1 21 of residential customers as provided in section 423.3,
  1 22 subsection 84, shall be deposited into the alternative
  1 23 energy incentive fund created in section 476.49.
  1 24    b.  All other revenue arising under the operation
  1 25 of this chapter shall be credited to the general fund
  1 26 of the state.
  1 27    Sec.    .  NEW SECTION.  476.49  ALTERNATIVE ENERGY
  1 28 INCENTIVE FUND – INCENTIVE PROGRAM DEVELOPMENT.
  1 29    1.  An alternative energy incentive fund is
  1 30 established in the state treasury.  The fund is
  1 31 separate from the general fund of the state.  Moneys
  1 32 in the alternative energy incentive fund are not
  1 33 subject to section 8.33 and shall not revert to any
  1 34 other fund.  Notwithstanding section 12C.7, subsection
  1 35 2, interest or earnings on moneys deposited in the
  1 36 fund shall be credited to the fund.
  1 37    2.  Moneys in the alternative energy incentive fund
  1 38 shall be used to finance the providing of state
  1 39 incentives for the development and encouragement of
  1 40 small independent energy providers.  A proposed
  1 41 alternative energy incentive program shall be
  1 42 developed through the cooperation of the utility
  1 43 industry, independent producers, and a legislative-
  1 44 appointed committee.  The proposed alternative energy
  1 45 incentive program shall be presented to the general
  1 46 assembly no later than January 15, 2005.  The general
  1 47 assembly shall implement an incentive program by July
  1 48 1, 2005."
  1 49    #8.  Title page, line 1, by striking the word
  1 50 "phaseout" and inserting the following:  "reduction".
  2  1    #9.  Title page, line 3, by inserting after the
  2  2 word "customers" the following:  "and the setting
  2  3 aside of sales and use tax revenues for an alternative
  2  4 energy incentive program".  
  2  5 
  2  6 
  2  7                               
  2  8 DAVID MILLER
  2  9 SF 2026.301 80
  2 10 mg/cf
     

Text: S05129                            Text: S05131
Text: S05100 - S05199                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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