Senate
File
210
-
Introduced
SENATE
FILE
210
BY
ANDERSON
A
BILL
FOR
An
Act
extending
placement
in
service
requirements
applicable
1
to
the
renewable
energy
tax
credit.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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210
Section
1.
Section
476C.1,
subsection
6,
paragraph
d,
Code
1
2015,
is
amended
to
read
as
follows:
2
d.
Was
initially
placed
into
service
on
or
after
July
1,
3
2005,
and
before
January
1,
2017
2020
.
4
Sec.
2.
Section
476C.5,
Code
2015,
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,
2026
2029
.
21
EXPLANATION
22
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
23
the
explanation’s
substance
by
the
members
of
the
general
assembly.
24
This
bill
extends
the
time
period
during
which
an
eligible
25
renewable
energy
facility
seeking
to
qualify
for
the
renewable
26
energy
tax
credit
pursuant
to
Code
chapter
476C
shall
have
27
been
placed
in
service
by
three
years
to
January
1,
2020,
and
28
correspondingly
extends
the
existing
10-year
duration
for
29
credit
issuance
to
December
31,
2029.
30
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