Iowa Code § 476B.4
Limitation
Iowa · Iowa Code Chapter 476B — Wind Energy Production Tax Credit · Status: effective
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- Iowa Code § 476B.4, Limitation, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2254356
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Full text
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.