Relating to clean energy feasibility, energy tax credits, making an appropriation, and including effective date provisions

This bill relates to clean energy programs and energy tax programs in the state. Division I of the bill relates to clean energy workforce programs. The bill makes an appropriation to the Iowa economic development authority to assess, in consultation with the department of workforce development, community colleges in the state, and representatives of skilled trade apprenticeship programs, the workforce capacity and job training resources necessary to facilitate the success of clean energy programs. The bill requires the Iowa economic development authority to submit quarterly reports beginning September 30, 2023, to the governor and members of the general assembly, and submit a final report on June 30, 2024. The report shall include feasibility reports on a state clean energy bank, grid modernization and energy storage, agricultural projects for new farmers, electric vehicle charging infrastructure, and creation of energy programs and policies for future planning, building owners, and energy customers. ENERGY TAX CREDIT PROGRAMS. Division II of the bill relates to energy tax credit programs. The bill requires the Iowa economic development authority and Iowa finance authority, in cooperation with other state agencies, local governments, and other stakeholders, to apply for and receive moneys, or assist other state agencies in applying for and receiving moneys available through federal agencies and programs authorized by the federal Inflation Reduction Act of 2022, Pub. L. 117-169, or the federal Infrastructure Investment and Jobs Act, Pub. L. 117-58. The bill requires the Iowa economic development authority to submit a report by June 30, 2023, to the governor and general assembly regarding any statutory changes and nonfederal financial resources that may be needed to access the available federal funding. The bill requires the Iowa economic development authority, in cooperation with the department of revenue, department of management, and other state and local agencies, to promote and provide technical information to potential Iowa beneficiaries of the specified tax credit and energy incentive programs enacted, increased, modified, or extended pursuant to the federal Inflation Reduction Act of 2022, Pub. L. 117-169. Division III of the bill provides that the bill takes effect upon enactment.