1. A replacement generation tax of six hundredths of a cent per kilowatt-hour of electricity generated within this state during the tax year is imposed on every person generating electricity, except electricity generated by the following:
a. A low capacity factor electric power generating plant.
b. Facilities owned by or leased to a municipal utility when devoted to public use and not held for pecuniary profit, except facilities of a municipally owned electric utility held under joint ownership or lease and facilities of an electric power facility financed under chapter 28F.
c. Wind energy conversion property subject to section 427B.26.
d. Methane gas conversion property subject to section 427.1, subsection 29.
e. Facilities owned by or leased to a state university or university of science and technology, to the extent electricity generated by such facilities is consumed exclusively by such state university or university of science and technology.
f. On-site facilities wholly owned by or leased in their entirety to a self-generator.
2. For purposes of this section, if a generation facility is jointly owned or leased, the taxpayer shall compute the number of kilowatt-hours of electricity subject to the replacement generation tax by multiplying the taxpayer's percentage interest in the jointly held generation facility by the number of kilowatt-hours of electricity generated.
98 Acts, ch 1194, §7, 40
Referred to in § 437A.3, 437A.4, 437A.8, 437A.16
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