Iowa Code § 437A.6 — Replacement tax imposed on electric generation

1 T A XES ON ELECTRICITY AND NA TURAL G A S PRO VIDERS, §437A .6 437A .6 Replacement tax imposed on electric generation. 1. A replacement generation tax of six hundredths of a cent per kilowatt-hour of electricity generated within this state during the tax year is imposed on every person generating electricity , except electricity generated by the following: a. A low capacity factor electric power generating plant. b. F acilities owned by or leased to a municipal utility when devoted to public use and not held for pecuniary profit, except facilities of a municipally owned electric utility held under joint ownership or lease and facilities of an electric power facility financed under chapter 28F or 476A . c. W ind energy conversion property subject to section 427B.26 or eligible for a tax credit under chapter 476B . d. Methane gas conversion property subject to section 427.1, subsection 29 , to the extent the property is used in connection with, or in conjunction with, a publicly owned sanitary landfill or used to collect waste that would otherwise be collected by , or deposited with, a publicly owned sanitary landfill. e. F acilities owned by or leased to a state university or university of science and technology , to the extent electricity generated by such facilities is consumed exclusively by such state university or university of science and technology . f . On -site facilities wholly owned by or leased in their entirety to a self -generator . 2. In lieu of the replacement generation tax imposed in subsection 1 , a replacement generation tax of one thousand eight hundred forty -seven ten -thousandths of a cent per kilowatt-hour of electricity generated within this state during the tax year is imposed on every hydroelectric generating power plant with a generating capacity of one hundred megawatts or greater . 3. In lieu of the replacement generation tax imposed in subsection 1 , a replacement generation tax of one thousand ninety -nine ten -thousandths of a cent per kilowatt-hour of electricity generated within this state during the tax year is imposed on every electric company which owns a joint interest in an electric power generating plant in this state and which has a joint interest in less than five pole miles of transmission lines in this state. 4. F or purposes of this section , if a generation facility is jointly owned or leased, the number of kilowatt-hours of electricity subject to the replacement generation tax shall be the number of kilowatt-hours of electricity generated and dispatched by the jointly held generation facility to the account of the taxpayer . 5. F or purposes of this section , the number of kilowatt-hours generated by a generation facility shall exclude any kilowatt-hours used to operate that generation facility . 98 Acts, ch 1194, §7, 40