Iowa has tweaked renewable tax credit program

In a report on its activities during 2014, the Iowa Utilities Board (IUB) noted that some changes have been made to the state renewable energy tax credits to reflect legislative changes.

The IUB recently posted its 2014 annual report on its website.

The amendments to the rules implementing chapter 476C, as amended, extended the overall facility in-service deadline by two years (from Jan. 1, 2015, to Jan. 1, 2017) and extended the last year for tax credit issuance by two years, from year-end 2024 to year-end 2026, according to page 74 of the 89-page report.

The amendments went into effect on Dec. 17, 2014.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.