House Amendment 1447


PAG LIN




     1  1    Amend Senate File 452, as passed by the Senate, as
     1  2 follows:
     1  3 #1.  Page 1, by inserting before line 1 the
     1  4 following:
     1  5    <Section 1.  Section 15.335, subsection 1,
     1  6 unnumbered paragraph 1, Code 2009, is amended to read
     1  7 as follows:
     1  8    An eligible business may claim a corporate tax
     1  9 credit for increasing research activities in this
     1 10 state during the period the eligible business is
     1 11 participating in the program.  For purposes of this
     1 12 section, "research activities" includes the
     1 13 development and deployment of innovative renewable
     1 14 energy generation components manufactured or assembled
     1 15 in this state.  For purposes of this section,
     1 16 "innovative renewable energy generation components"
     1 17 does not include a component with more than two
     1 18 hundred megawatts of installed effective nameplate
     1 19 capacity.  The tax credits for innovative renewable
     1 20 energy generation components shall not exceed one
     1 21 million dollars in any one fiscal year.
     1 22    Sec. 2.  Section 469.10, subsection 1, Code 2009,
     1 23 is amended to read as follows:
     1 24    1.  There is appropriated from the general fund of
     1 25 the state to the office of energy independence for
     1 26 each fiscal year of the fiscal period beginning July
     1 27 1, 2008 2009, and ending June 30, 2011, the sum of
     1 28 twenty=five twenty=four million dollars to be used for
     1 29 awarding grants and making loans from the Iowa power
     1 30 fund, and for all other purposes specified in and
     1 31 consistent with this subchapter.>
     1 32 #2.  Title page, line 1, by inserting after the
     1 33 word <Act> the following:  <relating to energy
     1 34 efficiency and renewable energy, including specifying
     1 35 the amount of tax credits available in a fiscal year
     1 36 for innovative renewable energy generation components,
     1 37 reducing an appropriation to the Iowa power fund in an
     1 38 amount equivalent to the amount of the tax credits,>.
     1 39 #3.  By renumbering as necessary.
     1 40
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     1 42                               
     1 43 RANTS of Woodbury
     1 44 SF 452.203 83
     1 45 rn/nh/23704
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