S.F. 30 Section 1. Section 476C.1, subsection 6, paragraph d, Code 1 2013, is amended to read as follows: 2 d. Was initially placed into service on or after July 1, 3 2005, and before January 1, 2015 2018 . 4 Sec. 2. Section 476C.5, Code 2013, is amended to read as 5 follows: 6 476C.5 Certificate issuance period. 7 A producer or purchaser of renewable energy may receive 8 renewable energy tax credit certificates for a ten-year period 9 for each eligible renewable energy facility under this chapter . 10 The ten-year period for issuance of the tax credit certificates 11 begins with the date the purchaser of renewable energy first 12 purchases electricity, hydrogen fuel, methane gas or other 13 biogas used to generate electricity, or heat for commercial 14 purposes from the eligible renewable energy facility for 15 which a tax credit is issued under this chapter , or the date 16 the producer of the renewable energy first uses the energy 17 produced by the eligible renewable energy facility for on-site 18 consumption. Renewable energy tax credit certificates shall 19 not be issued for renewable energy purchased or produced for 20 on-site consumption after December 31, 2024 2027 . 21 EXPLANATION 22 This bill extends by three years the time period during which 23 an eligible renewable energy facility seeking to qualify for 24 the renewable energy tax credit pursuant to Code chapter 476C 25 shall have been placed in service to before January 1, 2018. 26 The bill correspondingly extends the existing 10-year duration 27 for credit issuance to December 31, 2027. 28 -1- LSB 1681XS (2) 85 rn/sc 1/ 1