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 number of kilowatt-hours of electricity subject to the replacement generation tax shall be the number of kilowatt-hours of electricity generated and dispatched by the jointly held generation facility to the account of the taxpayer.
3. For purposes of this section, the number of kilowatt-hours generated by a generation facility shall exclude any kilowatt-hours used to operate that generation facility.
98 Acts, ch 1194, §7, 40; 2000 Acts, ch 1114, §5, 6, 17, 18
Referred to in § 437A.3, 437A.4, 437A.8, 437A.16
Recomputation of electric replacement delivery tax rate; 2000 Acts, ch 1114, §16
2000 amendments to subsections 2 and 3 take effect April 19, 2000, and apply retroactively to tax years beginning on and after January 1, 1999; 2000 Acts, ch 1114, §17, 18
Previous Section 437A.5
Next Section 437A.7
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/437A/6.html
jhf