SENATE FILE 338

BY  ANDERSON

A BILL FOR

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

   Section 1.  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 2015.
   Sec. 2.  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 four hundred thirty 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 incentives for wind energy production and development.
   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 three years to before January 1, 2015. The bill additionally 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 430 megawatts.