House Amendment 2128


PAG LIN




     1  1    Amend Senate File 601, as amended, passed, and
     1  2 reprinted by the Senate, as follows:
     1  3 #1.  Page 55, by inserting after line 22 the
     1  4 following:
     1  5    <Sec.    .  Section 476C.3, subsection 3, Code
     1  6 2007, is amended to read as follows:
     1  7    3.  A facility that is not operational within
     1  8 thirty eighteen months after issuance of an approval
     1  9 for the facility by the board shall cease to be an
     1 10 eligible renewable energy facility.  However, a wind
     1 11 energy conversion facility that is approved as
     1 12 eligible under this section but is not operational
     1 13 within eighteen months due to the unavailability of
     1 14 necessary equipment shall be granted an additional
     1 15 twelve months extension until December 31, 2008, to
     1 16 become operational.  A facility that is granted and
     1 17 thereafter loses approval may reapply to the board for
     1 18 a new determination.
     1 19    Sec.    .  Section 476C.5, Code 2007, is amended to
     1 20 read as follows:
     1 21    476C.5  CERTIFICATE ISSUANCE PERIOD.
     1 22    A producer or purchaser of renewable energy may
     1 23 receive renewable energy tax credit certificates for a
     1 24 ten=year period for each eligible renewable energy
     1 25 facility under this chapter.  The ten=year period for
     1 26 issuance of the tax credit certificates begins with
     1 27 the date the purchaser of renewable energy first
     1 28 purchases electricity, hydrogen fuel, methane gas or
     1 29 other biogas used to generate electricity, or heat for
     1 30 commercial purposes from the eligible renewable energy
     1 31 facility for which a tax credit is issued under this
     1 32 chapter.  However, the ten=year period for issuance of
     1 33 the tax credit certificate for a wind energy
     1 34 conversion facility begins when the wind energy
     1 35 conversion facility is operational.  Renewable energy
     1 36 tax credit certificates shall not be issued for
     1 37 renewable energy purchased after December 31, 2021.>
     1 38 #2.  By renumbering as necessary.
     1 39
     1 40
     1 41                               
     1 42 REICHERT of Muscatine
     1 43
     1 44
     1 45                               
     1 46 MAY of Dickinson
     1 47
     1 48
     1 49                               
     1 50 D. OLSON of Boone
     2  1
     2  2
     2  3                               
     2  4 DAVITT of Warren
     2  5 SF 601.529 82
     2  6 dea/je/8970

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