HSB 204 (LSB 2276HC (1) 85)

HOUSE FILE _____

BY  (PROPOSED COMMITTEE ON WAYS AND MEANS BILL BY CHAIRPERSON SANDS)

A BILL FOR

An Act increasing the amount of tax credits available for eligible refuse conversion facilities.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 476C.3, subsection 4, paragraph b, Code 2013, is amended to read as follows:
   b.  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 fifty-three megawatts of nameplate generating capacity and one
 
two hundred sixty-seven
 
twenty-two 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, no more than ten megawatts of nameplate generating capacity or energy production capacity equivalent shall be allocated to any one facility. Of the maximum amount of energy production capacity equivalent of all other facilities found eligible under this chapter, fifty-five
 
one hundred ten billion British thermal units of heat for a commercial purpose shall be reserved for an eligible facility that is a refuse conversion facility. Of this amount, 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 increases the amount of energy production capacity equivalent which may qualify for renewable energy tax credits pursuant to Code chapter 476C.
   The bill increases the amount of British thermal units of heat for a commercial purpose eligible for the credits from 167 billion British thermal units to 222 billion British thermal units. The bill provides that the amount of the increase, 55 billion British thermal units, shall be added to the current amount of $55 billion that is reserved for an eligible facility that is a refuse conversion facility, for a total of 110 British thermal units reserved.