Senate Amendment 3332


PAG LIN




     1  1    Amend the amendment, S=3328, to Senate File 478 as
     1  2 follows:
     1  3 #1.  Page 39, by striking lines 7 through 15 and
     1  4 inserting the following:
     1  5    <Sec.    .  NEW SECTION.  476B.6A  ALTERNATIVE TAX
     1  6 CREDIT QUALIFICATION == PILOT PROJECT.
     1  7    Notwithstanding any other provision of this chapter
     1  8 to the contrary, the board shall establish a pilot
     1  9 project which will allow for a wind energy production
     1 10 tax credit of one and one=half cents multiplied by the
     1 11 number of kilowatt=hours of qualified electricity sold
     1 12 or used for on=site consumption by up to two qualified
     1 13 facilities selected for participation in the project.
     1 14 To be eligible for the project, a qualified facility
     1 15 shall meet all eligibility requirements otherwise
     1 16 applicable pursuant to this chapter, and in addition
     1 17 shall be located in a county in this state with a
     1 18 population of between forty=four thousand one hundred
     1 19 fifty and forty=four thousand five hundred based on
     1 20 the 2006 census, and with a combined nameplate
     1 21 generating capacity of at least one megawatt per
     1 22 applicant.  For purposes of the pilot project, the two
     1 23 megawatt minimum requirement for qualification
     1 24 pursuant to section 476B.1, subsection 4, paragraph
     1 25 "d", shall not be applicable.  The board shall reduce
     1 26 the remaining credits available under this chapter by
     1 27 a dollar amount equal to the amount of credits awarded
     1 28 pursuant to the project.>
     1 29 #2.  By renumbering as necessary.
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     1 32                               
     1 33 ROBERT M. HOGG
     1 34 SF 478.723 83
     1 35 rn/tm/24252
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