S.F. 338 Section 1. Section 476C.1, subsection 6, paragraph d, Code 1 2011, is amended to read as follows: 2 d. Was initially placed into service on or after July 1, 3 2005, and before January 1, 2012 2015 . 4 Sec. 2. Section 476C.3, subsection 4, Code 2011, is amended 5 to read as follows: 6 4. The maximum amount of nameplate generating capacity 7 of all wind energy conversion facilities the board may find 8 eligible under this chapter shall not exceed three four hundred 9 thirty megawatts of nameplate generating capacity. The maximum 10 amount of energy production capacity equivalent of all other 11 facilities the board may find eligible under this chapter shall 12 not exceed a combined output of twenty megawatts of nameplate 13 generating capacity and one hundred sixty-seven billion British 14 thermal units of heat for a commercial purpose. Of the maximum 15 amount of energy production capacity equivalent of all other 16 facilities found eligible under this chapter , fifty-five 17 billion British thermal units of heat for a commercial purpose 18 shall be reserved for an eligible facility that is a refuse 19 conversion facility for processed, engineered fuel from a 20 multicounty solid waste management planning area. The maximum 21 amount of energy production capacity the board may find 22 eligible for a single refuse conversion facility is fifty-five 23 billion British thermal units of heat for a commercial purpose. 24 EXPLANATION 25 This bill relates to incentives for wind energy production 26 and development. 27 The bill extends the time period during which an eligible 28 renewable energy facility seeking to qualify for the renewable 29 energy tax credit in Code chapter 476C shall have been placed 30 in service by three years to before January 1, 2015. The 31 bill additionally increases the maximum amount of nameplate 32 generating capacity for all wind energy conversion facilities 33 eligible for the renewable energy tax credit from 330 megawatts 34 to 430 megawatts. 35 -1- LSB 2166XS (2) 84 rn/sc 1/ 1