HF 2168: Relating to the assessment of wind energy conversion property for certain assessment years and including applicability provisions

What it does

26 authorizes a city council or county board of supervisors to provide by ordinance for the special valuation of wind energy conversion property. The schedule of assessment for wind energy conversion property that is provided the special valuation under such an ordinance is as follows: for the first assessment year, at percent of the net acquisition cost; for the second through sixth assessment years, at a percent of the net acquisition cost which rate increases by five percentage points each assessment year; and for the seventh and succeeding assessment years, at percent of the net acquisition cost.

Lobbying · 0 for, 3 against

Against: Iowa Conference of United Methodist Church; NextEra Energy; The American Wind Energy Association (AWEA)

In plain words

1. January 29, 2020Filed in the House and sent to the Commerce committee