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2019 Iowa Code
Title XI - NATURAL RESOURCES
Chapter 476B - WIND ENERGY PRODUCTION TAX CREDIT
Section 476B.4 - Limitation.
Universal Citation: IA Code § 476B.4 (2019)
476B.4 Limitation.
The wind energy production tax credit shall not be allowed for any kilowatt-hour of electricity that is sold to a related person. For purposes of this section, persons shall be treated as related to each other if such persons would be treated as a single employer under the regulations prescribed under section 52(b) of the Internal Revenue Code. In the case of a corporation that is a member of an affiliated group of corporations filing a consolidated return, such corporation shall be treated as selling electricity to an unrelated person if such electricity is sold to such a person by another member of such group.
2004 Acts, ch 1175, §412, 418; 2005 Acts, ch 179, §165; 2009 Acts, ch 80, §2, 7, 9
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