SENATE FILE 300

BY  COMMITTEE ON NATURAL RESOURCES AND ENVIRONMENT

(SUCCESSOR TO SSB 1078)

A BILL FOR

An Act relating to wind energy development and production.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

   Section 1.  Section 476B.5, subsection 4, Code 2011, is amended to read as follows:
   4.  The maximum amount of nameplate generating capacity of all qualified facilities the board may find eligible under this chapter shall not exceed one hundredfifty megawatts of nameplate generating capacity.
   Sec. 2.  Section 476C.1, subsection 6, paragraph d, Code 2011, is amended to read as follows:
   d.  Was initially placed into service on or after July 1, 2005, and before January 1, 2012 2013.
   Sec. 3.  Section 476C.3, subsection 4, Code 2011, is amended to read as follows:
   4.  The maximum amount of nameplate generating capacity of all wind energy conversion facilities the board may find eligible under this chapter shall not exceed three hundred thirty sixty-three megawatts of nameplate generating capacity. The maximum amount of energy production capacity equivalent of all other facilities the board may find eligible under this chapter shall not exceed a combined output of twenty megawatts of nameplate generating capacity and one hundred sixty-seven billion British thermal units of heat for a commercial purpose. Of the maximum amount of energy production capacity equivalent of all other facilities found eligible under this chapter, fifty-five billion British thermal units of heat for a commercial purpose shall be reserved for an eligible facility that is a refuse conversion facility for processed, engineered fuel from a multicounty solid waste management planning area. The maximum amount of energy production capacity the board may find eligible for a single refuse conversion facility is fifty-five billion British thermal units of heat for a commercial purpose.
EXPLANATION
   This bill relates to wind energy production and development.
   The bill decreases the maximum amount of nameplate generating capacity for all qualified facilities eligible for the wind energy production tax credit specified in Code chapter 476B from 150 megawatts to 100 megawatts.
   The bill extends the time period during which an eligible renewable energy facility seeking to qualify for the renewable energy tax credit in Code chapter 476C shall have been placed in service by one year to before January 1, 2013.
   The bill increases the maximum amount of nameplate generating capacity for all wind energy conversion facilities eligible for the renewable energy tax credit from 330 megawatts to 363 megawatts, in recognition of a waiting list for receipt of the tax credit as established in Code section 476C.3, subsection 5.