476C.5 - CERTIFICATE ISSUANCE PERIOD. - Iowa Statutes

476C.5 CERTIFICATE ISSUANCE PERIOD. A producer or purchaser of renewable energy may receive renewable energy tax credit certificates for a ten-year period for each eligible renewable energy facility under this chapter. The ten-year period for issuance of the tax credit certificates begins with the date the purchaser of renewable energy first purchases electricity, hydrogen fuel, methane gas or other biogas used to generate electricity, or heat for commercial purposes from the eligible renewable energy facility for which a tax credit is issued under this chapter. Renewable energy tax credit certificates shall not be issued for renewable energy purchased after December 31, 2021.          Section History: Recent Form 2005 Acts, ch 160, §11, 14; 2006 Acts, ch 1135, §11, 12