476B.3 - CREDIT AMOUNT. - Iowa Statutes

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476B.3 CREDIT AMOUNT. The wind energy production tax credit allowed under this chapter equals the product of one cent multiplied by the number of kilowatt-hours of qualified electricity sold or used for on-site consumption by the owner during the taxable year.

Section History: Recent Form

2004 Acts, ch 1175, §411, 418; 2005 Acts, ch 179, §164; 2008 Acts, ch 1128, §7, 15

Footnotes

2008 amendment to this section takes effect May 1, 2008, and applies retroactively to tax years beginning on or after January 1, 2008; 2008 Acts, ch 1128, § 15

State Codes and Statutes

Statutes > Iowa > Title-11 > Subtitle-5 > Chapter-476b > 476b-3

476B.3 CREDIT AMOUNT. The wind energy production tax credit allowed under this chapter equals the product of one cent multiplied by the number of kilowatt-hours of qualified electricity sold or used for on-site consumption by the owner during the taxable year.

Section History: Recent Form

2004 Acts, ch 1175, §411, 418; 2005 Acts, ch 179, §164; 2008 Acts, ch 1128, §7, 15

Footnotes

2008 amendment to this section takes effect May 1, 2008, and applies retroactively to tax years beginning on or after January 1, 2008; 2008 Acts, ch 1128, § 15

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-11 > Subtitle-5 > Chapter-476b > 476b-3

476B.3 CREDIT AMOUNT. The wind energy production tax credit allowed under this chapter equals the product of one cent multiplied by the number of kilowatt-hours of qualified electricity sold or used for on-site consumption by the owner during the taxable year.

Section History: Recent Form

2004 Acts, ch 1175, §411, 418; 2005 Acts, ch 179, §164; 2008 Acts, ch 1128, §7, 15

Footnotes

2008 amendment to this section takes effect May 1, 2008, and applies retroactively to tax years beginning on or after January 1, 2008; 2008 Acts, ch 1128, § 15