Iowa § 476B.6A Alternative tax credit qualification — pilot project

Iowa Statutes

§ 476B.6A — Alternative tax credit qualification — pilot project

Iowa § 476B.6A

Title XINATURAL RESOURCES

Ch. 476BWIND ENERGY PRODUCTION TAX CREDIT

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Bluebook

Iowa Code § 476B.6A (2026).

Text

Notwithstanding any other provision of this chapter to the contrary, the commission shall
establish a pilot project which will allow for a wind energy production tax credit of one
and one-half cents multiplied by the number of kilowatt-hours of qualified electricity sold
or used for on-site consumption by up to two qualified facilities selected for participation
in the project. To be eligible for the project, a qualified facility shall meet all eligibility
requirements otherwise applicable pursuant to this chapter, and in addition shall be located
5 WIND ENERGY PRODUCTION TAX CREDIT, §476B.8
in a county in this state with a population of between forty-four thousand one hundred
fifty and forty-four thousand five hundred based on the 2006 census, and with a combined
nameplate generating capa

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Notwithstanding any other provision of this chapter to the contrary, the commission shall
establish a pilot project which will allow for a wind energy production tax credit of one
and one-half cents multiplied by the number of kilowatt-hours of qualified electricity sold
or used for on-site consumption by up to two qualified facilities selected for participation
in the project. To be eligible for the project, a qualified facility shall meet all eligibility
requirements otherwise applicable pursuant to this chapter, and in addition shall be located
5 WIND ENERGY PRODUCTION TAX CREDIT, §476B.8
in a county in this state with a population of between forty-four thousand one hundred
fifty and forty-four thousand five hundred based on the 2006 census, and with a combined
nameplate generating capacity of at least one megawatt per applicant. For purposes of the
pilot project, the two megawatt minimum requirement for qualification pursuant to section
476B.1, subsection 4, paragraph “d”, shall not be applicable. The commission shall reduce
the remaining credits available under this chapter by a dollar amount equal to the amount
of credits awarded pursuant to the project.