Senate Resolution 103 - Introduced SENATE RESOLUTION NO. 103 BY BEALL , DOTZLER , RAGAN , HOGG , HART , DVORSKY , DANIELSON , BOWMAN , MATHIS , SCHOENJAHN , QUIRMBACH , McCOY , BRASE , BLACK , SENG , SODDERS , JOCHUM , GRONSTAL , COURTNEY , DEARDEN , HORN , TAYLOR , WILHELM , HATCH , BOLKCOM , ANDERSON , BERTRAND , FEENSTRA , KAPUCIAN , ZUMBACH , BREITBACH , WHITVER , SMITH , SINCLAIR , GARRETT , ERNST , BOETTGER , ROZENBOOM , SEGEBART , JOHNSON , and PETERSEN A Resolution in support of extending the federal 1 production tax credit for wind energy. 2 WHEREAS, Iowa is the third largest producer of wind 3 energy in the nation; and 4 WHEREAS, Iowa leads the nation in wind generation as 5 a percentage of total power output; and 6 WHEREAS, it has been estimated that 75 percent of 7 Iowa is suitable for wind energy development with an 8 estimated total wind resource of 570,000 megawatts; and 9 WHEREAS, 1,000 megawatts of energy can power 250,000 10 homes and is equivalent to removing the emissions 11 placed in the atmosphere by 682,000 cars in the state 12 in one year’s time; and 13 WHEREAS, the wind energy industry in Iowa currently 14 employs several thousand full-time workers in 15 manufacturing, operations, and maintenance with a 16 substantial annual payroll; and 17 WHEREAS, the federal production tax credit for 18 wind energy reflects the economic, environmental, and 19 national security benefits of clean homegrown renewable 20 electricity; and 21 -1- LSB 6089XS (2) 85 rn/nh 1/ 2

S.R. 103 WHEREAS, the federal production tax credit for wind 1 energy has fostered innovation in the wind energy 2 industry and will encourage further innovation if 3 extended; and 4 WHEREAS, the federal production tax credit for wind 5 energy provides a 2.2 percent per kilowatt-hour tax 6 credit for the first 10 years of electricity production 7 from utility-scale wind turbines; and 8 WHEREAS, the federal production tax credit for 9 wind energy has repeatedly been allowed to sunset and 10 then extended since its original enactment, which has 11 contributed to a boom-bust cycle of development that 12 has been detrimental to the wind industry; and 13 WHEREAS, the federal production tax credit for wind 14 energy expired on December 31, 2013; NOW THEREFORE, 15 BE IT RESOLVED BY THE SENATE, That the Senate 16 supports the extension of the federal production tax 17 credit for wind energy, preferably for a multiple-year 18 period to maximize the benefits of the production tax 19 credit; and 20 BE IT FURTHER RESOLVED, That copies of this 21 resolution be sent to the members of Iowa’s 22 congressional delegation and to the President of the 23 United States. 24 -2- LSB 6089XS (2) 85 rn/nh 2/ 2