House Amendment 1761


PAG LIN




     1  1    Amend Senate File 478, as amended, passed, and
     1  2 reprinted by the Senate, as follows:
     1  3 #1.  Page 93, by inserting after line 17 the
     1  4 following:
     1  5                      <DIVISION    
     1  6             METHANE GAS CONVERSION PROPERTY
     1  7    Sec.    .  Section 427.1, subsection 29, paragraph
     1  8 a, Code 2009, is amended to read as follows:
     1  9    a.  For purposes of this subsection, "methane gas
     1 10 conversion property" means personal property, real
     1 11 property, and improvements to real property, and
     1 12 machinery, equipment, and computers assessed as real
     1 13 property pursuant to section 427A.1, subsection 1,
     1 14 paragraphs "e" and "j", used in an operation connected
     1 15 with, or in conjunction with, a publicly owned
     1 16 sanitary landfill to decompose waste and convert the
     1 17 waste to gas, to collect methane gas or other gases
     1 18 produced as a by=product of waste decomposition and to
     1 19 convert the gas to energy, or to collect waste that
     1 20 would otherwise be collected by, or deposited with, a
     1 21 publicly owned sanitary landfill in order to decompose
     1 22 the waste to produce methane gas or other gases and to
     1 23 convert the gas to energy.  However, property used to
     1 24 decompose the waste and convert the waste to gas is
     1 25 not eligible for this exemption.
     1 26    Sec.    .  Section 427.1, subsection 29, Code 2009,
     1 27 is amended by adding the following new paragraph:
     1 28    NEW PARAGRAPH.  d.  With respect to methane gas
     1 29 conversion property other than that used in an
     1 30 operation connected with, or in conjunction with, a
     1 31 publicly owned sanitary landfill, the exemption
     1 32 pursuant to this subsection shall be limited to
     1 33 property originally placed in operation on or after
     1 34 January 1, 2008, and on or before December 31, 2012,
     1 35 and shall be available for the ten=year period
     1 36 following the date the property was originally placed
     1 37 in operation.
     1 38    Sec.    .  Section 437A.6, subsection 1, paragraph
     1 39 d, Code 2009, is amended to read as follows:
     1 40    d.  Methane gas conversion property subject to
     1 41 section 427.1, subsection 29, to the extent the
     1 42 property is used in connection with, or in conjunction
     1 43 with, a publicly owned sanitary landfill or used to
     1 44 collect waste that would otherwise be collected by, or
     1 45 deposited with, a publicly owned sanitary landfill.
     1 46    Sec.    .  IMPLEMENTATION.  Section 25B.7 does not
     1 47 apply to the property tax exemption amended in this
     1 48 division of this Act.
     1 49    Sec.    .  EFFECTIVE AND APPLICABILITY DATES.  This
     1 50 division of this Act, being deemed of immediate
     2  1 importance, takes effect upon enactment and applies
     2  2 retroactively to assessment years beginning on or
     2  3 after January 1, 2008.  Notwithstanding section 427.1,
     2  4 subsection 29, paragraph "c", claims for exemption for
     2  5 the 2008 and 2009 assessment years shall be filed with
     2  6 the appropriate assessing authority on or before June
     2  7 30, 2009.>
     2  8 #2.  By renumbering as necessary.
     2  9
     2 10
     2 11                               
     2 12 ISENHART of Dubuque
     2 13 SF 478.333 83
     2 14 tm/sc/24663

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