|Code & Rules||Requirements||Application||Opinion||Impact|
|427B.26||City or County Ordinance
Before first assessed.
|To Assessor by Feb. 1 year first assessed.||Links to
letter to assessors
question and answer document
|Assessment % age of cost
Year 1 - 0
Year 2 – 5%
Year 3 – 10%
Year 4 – 15%
Year 5 – 20%
Year 6 – 25%
Years 7> – 30%
|441.21 (8)b.c.||Energy produced primarily for storage or point of use; built after January 1, 1978.||None.||Likely methodology for wind towers built just to support a single operation.||Assessment % age of cost
Year 1-5 – 0%
Year 6> – Market
|441.21||Doesn't fit into any other category.||None.||Assessment at market value.|
Electricity sold on grid, not assessed under any other section of Code.
|Approval from Iowa Commerce Utility Board.
Application by owner.
|There are 2 projects proposed that are not operational.
The real estate is centrally assessed for 12 years and the tax that is generated goes to state coffers.
|Assessment at market value, an income tax credit is available for 12 years at rate of 1 cent per kilowatt hour.|
|476C||Maximum 51% of ownership resident of state or ownership defined in 476C.1 Ss 6 b., generally smaller facilities. Most facilities 2 - 2 ½ megawatt capacity.||
Approval from Iowa Commerce Utility Board.
|70 + facilities||Locally Assessed.
Credit is available at rate of 1 ½ cent per kilowatt hour the credit is available on income tax or replacement or it may be applied to the sales and use tax.