Senate File 2050 - Introduced SENATE FILE 2050 BY HOGG A BILL FOR An Act increasing the amount of generating capacity eligible 1 for the renewable energy tax credit. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5686SS (4) 84 rn/sc

S.F. 2050 Section 1. Section 476C.3, subsection 4, Code Supplement 1 2011, is amended to read as follows: 2 4. a. The maximum amount of nameplate generating capacity 3 of all wind energy conversion facilities the board may find 4 eligible under this chapter shall not exceed three hundred 5 sixty-three megawatts of nameplate generating capacity. 6 Beginning January 1, 2015, through December 31, 2019, this 7 maximum shall be increased each year by fifteen megawatts over 8 the maximum in the previous year. Beginning January 1, 2020, 9 the maximum amount of nameplate generating capacity of all 10 wind energy conversion facilities the board may find eligible 11 under this chapter shall not exceed four hundred thirty-eight 12 megawatts of nameplate generating capacity. 13 b. The maximum amount of energy production capacity 14 equivalent of all other facilities the board may find eligible 15 under this chapter shall not exceed a combined output of 16 fifty-three megawatts of nameplate generating capacity and 17 one hundred sixty-seven billion British thermal units of 18 heat for a commercial purpose. Beginning January 1, 2015, 19 through December 31, 2019, this maximum shall be increased 20 each year by the energy production capacity equivalent of a 21 combined output of five megawatts, and the British thermal unit 22 equivalent, over the maximum in the previous year. Beginning 23 January 1, 2020, the maximum amount of energy production 24 capacity equivalent of all other facilities the board may find 25 eligible under this chapter shall not exceed seventy-eight 26 megawatts of nameplate generating capacity, and the British 27 thermal unit equivalent. Of the maximum amount of energy 28 production capacity equivalent of all other facilities found 29 eligible under this chapter, no more than ten megawatts of 30 nameplate generating capacity or energy production capacity 31 equivalent shall be allocated to any one facility. Of the 32 maximum amount of energy production capacity equivalent of all 33 other facilities found eligible under this chapter , fifty-five 34 billion British thermal units of heat for a commercial purpose 35 -1- LSB 5686SS (4) 84 rn/sc 1/ 3

S.F. 2050 shall be reserved for an eligible facility that is a refuse 1 conversion facility for processed, engineered fuel from a 2 multicounty solid waste management planning area. The maximum 3 amount of energy production capacity the board may find 4 eligible for a single refuse conversion facility is fifty-five 5 billion British thermal units of heat for a commercial purpose. 6 Of the maximum amount of energy production capacity equivalent 7 of all other facilities found eligible under this chapter, an 8 amount equivalent to ten megawatts of nameplate generating 9 capacity shall be reserved for eligible renewable energy 10 facilities incorporated within or associated with an ethanol 11 cogeneration plant engaged in the sale of ethanol to states to 12 meet a low carbon fuel standard. 13 EXPLANATION 14 This bill relates to the maximum amount of generating 15 capacity of renewable energy facilities eligible for the 16 renewable energy tax credit provided in Code chapter 476C. 17 Currently, the maximum amount of nameplate generating 18 capacity of all wind energy conversion facilities the Iowa 19 utilities board may find eligible for the tax credit shall not 20 exceed 363 megawatts of nameplate generating capacity. The 21 bill provides that beginning January 1, 2015, this maximum 22 shall be increased by 15 megawatts annually, with the last 23 increase occurring January 1, 2019. Also, currently, the 24 maximum amount of energy production capacity equivalent of 25 nonwind renewable energy facilities the board may find eligible 26 for the tax credit shall not exceed a combined output of 53 27 megawatts of nameplate generating capacity and 167 billion 28 British thermal units of heat for a commercial purpose. The 29 bill similarly provides that beginning January 1, 2015, this 30 maximum shall be increased by the energy production capacity 31 equivalent of a combined output of five megawatts and the 32 British thermal unit equivalent annually, with the last 33 increase occurring January 1, 2019. The bill specifies the 34 resulting maximum amounts of capacity applicable each year 35 -2- LSB 5686SS (4) 84 rn/sc 2/ 3

S.F. 2050 beginning January 1, 2020. 1 -3- LSB 5686SS (4) 84 rn/sc 3/ 3