House File 2444 H-8254 Amend the Senate amendment, H-8222, to House File 1 2444, as passed by the House, as follows: 2 1. Page 1, after line 24 by inserting: 3 < DIVISION ___ 4 SOLAR ENERGY SYSTEM TAX CREDITS 5 Sec. ___. Section 422.11L, subsection 1, paragraphs 6 a and b, Code 2014, are amended to read as follows: 7 a. Fifty Sixty percent of the federal residential 8 energy efficient property credit related to solar 9 energy provided in section 25D of the Internal Revenue 10 Code, not to exceed three five thousand dollars. 11 b. Fifty Sixty percent of the federal energy credit 12 related to solar energy systems provided in section 48 13 of the Internal Revenue Code, not to exceed fifteen 14 twenty thousand dollars. 15 Sec. ___. Section 422.11L, subsection 3, Code 2014, 16 is amended by adding the following new paragraphs: 17 NEW PARAGRAPH . c. A taxpayer may claim more than 18 one credit under this section, but may claim only one 19 credit per separate and distinct solar installation. 20 The department shall establish criteria, by rule, for 21 determining what constitutes a separate and distinct 22 installation. 23 NEW PARAGRAPH . d. A taxpayer must submit an 24 application to the department for each separate and 25 distinct solar installation. The application must 26 be approved by the department in order to claim the 27 tax credit. The application must be filed by May 1 28 following the year of the installation of the solar 29 energy system. 30 Sec. ___. Section 422.11L, subsection 4, Code 2014, 31 is amended to read as follows: 32 4. a. The cumulative value of tax credits claimed 33 annually by applicants pursuant to this section shall 34 not exceed one four million five hundred thousand 35 dollars. Of this amount, at least one million 36 dollars shall be reserved for claims associated with 37 or resulting from residential solar energy system 38 installations. In the event that the total amount of 39 claims submitted for residential solar energy system 40 installations in a tax year is an amount less than 41 one million dollars, the remaining unclaimed reserved 42 amount shall be made available for claims associated 43 with or resulting from nonresidential solar energy 44 system installations received for the tax year. 45 b. If an amount of tax credits available for a 46 tax year pursuant to paragraph “a” goes unclaimed, 47 the amount of the unclaimed tax credits shall be made 48 available for the following tax year in addition to, 49 and cumulated with, the amount available pursuant to 50 -1- H8222.3900 (2) 85 mm/sc 1/ 2 #1.

paragraph “a” for the following tax year. 1 Sec. ___. EFFECTIVE UPON ENACTMENT. This division 2 of this Act, being deemed of immediate importance, 3 takes effect upon enactment. 4 Sec. ___. RETROACTIVE APPLICABILITY. This division 5 of this Act applies retroactively to January 1, 2014, 6 for tax years beginning and installations occurring on 7 or after that date. 8 ___. Title page, line 4, after < taxes, > by 9 inserting < the solar energy system tax credits, >> 10 2. By renumbering as necessary. 11 ______________________________ ISENHART of Dubuque -2- H8222.3900 (2) 85 mm/sc 2/ 2 #2.