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 8thirtyeighteen 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, awind 1 11 energy conversionfacility 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 anadditional 1 15 twelve monthsextension 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 -1-