Iowa § 476B.4 Limitation

Iowa Statutes

§ 476B.4 — Limitation

Iowa § 476B.4

Title XINATURAL RESOURCES

Ch. 476BWIND ENERGY PRODUCTION TAX CREDIT

This text of Iowa § 476B.4 (Limitation) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 476B.4 (2026).

Text

The wind energy production tax credit shall not be allowed for any kilowatt-hour of
electricity that is sold to a related person. For purposes of this section, persons shall be
treated as related to each other if such persons would be treated as a single employer under
the regulations prescribed under section 52(b) of the Internal Revenue Code. In the case of
a corporation that is a member of an affiliated group of corporations filing a consolidated
§476B.4, WIND ENERGY PRODUCTION TAX CREDIT 2
return, such corporation shall be treated as selling electricity to an unrelated person if such
electricity is sold to such a person by another member of such group.

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The wind energy production tax credit shall not be allowed for any kilowatt-hour of
electricity that is sold to a related person. For purposes of this section, persons shall be
treated as related to each other if such persons would be treated as a single employer under
the regulations prescribed under section 52(b) of the Internal Revenue Code. In the case of
a corporation that is a member of an affiliated group of corporations filing a consolidated
§476B.4, WIND ENERGY PRODUCTION TAX CREDIT 2
return, such corporation shall be treated as selling electricity to an unrelated person if such
electricity is sold to such a person by another member of such group.