Text: SSB03100 Text: SSB03102 Text: SSB03100 - SSB03199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 437A.3, Code Supplement 2003, is
1 2 amended by adding the following new subsection:
1 3 NEW SUBSECTION. 23A. "Peaking plant" means, for any tax
1 4 year, a new electric power generating plant, regardless of
1 5 ownership, which operated during the preceding calendar year
1 6 at a net capacity factor of thirty-five percent or less. For
1 7 purposes of this subsection, "net capacity factor" means net
1 8 actual generation during the preceding calendar year divided
1 9 by the product of nameplate capacity times the number of hours
1 10 the plant was in the active state during the preceding
1 11 calendar year. Upon commissioning, a plant is in the active
1 12 state until it is decommissioned. For purposes of this
1 13 subsection, "net actual generation" means the net electrical
1 14 megawatt hours produced by a plant during a calendar year.
1 15 Sec. 2. Section 437A.15, subsection 3, paragraph a,
1 16 unnumbered paragraph 2, Code Supplement 2003, is amended to
1 17 read as follows:
1 18 When allocating natural gas delivery taxes on deliveries of
1 19 natural gas to a new electric power generating plant, except
1 20 as a peaking plant, ten percent of those natural gas delivery
1 21 taxes shall be allocated over new gas property built to
1 22 directly serve the new electric power generating plant and
1 23 ninety percent of those natural gas delivery taxes shall be
1 24 allocated to the general property tax equivalents of all gas
1 25 property within the natural gas competitive service area or
1 26 areas where the new gas property is located.
1 27 When allocating natural gas delivery taxes on deliveries of
1 28 natural gas to a new electric power generating peaking plant,
1 29 one hundred percent of those natural gas delivery taxes shall
1 30 be allocated over new gas property built to directly serve the
1 31 new electric power generating peaking plant.
1 32 EXPLANATION
1 33 This bill provides that in the case of a new electric power
1 34 generating peaking plant, 100 percent of the natural gas
1 35 delivery taxes on delivery of natural gas to such plant is
2 1 allocated to the new gas property built to directly serve the
2 2 peaking plant rather than the 10 percent under present law.
2 3 This tax is in lieu of property taxes and is imposed pursuant
2 4 to Code chapter 437A. A "peaking plant" is a new electric
2 5 power generating plant that initially generates electricity on
2 6 or after January 1, 2003, and which has a net capacity factor
2 7 for the previous calendar year of 35 percent or less.
2 8 LSB 6021SC 80
2 9 mg/pj/5
Text: SSB03100 Text: SSB03102 Text: SSB03100 - SSB03199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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