As used in this chapter, unless the context otherwise
requires:
"Authority" means the economic development
authority created in Iowa Code section
15.105.
"Authority's website" means the information
and related content found at www.iowaeda.com and may include integrated
content at affiliate sites.
"Biomass feedstock" means the same as
defined in Iowa Code section
15.316(2).
"Board" means the members of the economic
development authority board appointed by the governor and in whom the powers of
the authority are vested pursuant to Iowa Code section
15.105.
"Building block chemical" means the same as
defined in Iowa Code section
15.316(3) as
amended by 2023 Iowa Acts, Senate File 575, and also includes benzene, toluene,
xylene, ethylbenzene, butanoic acid, hexanoic acid, octanoic acid, pentanoic
acid, heptanoic acid, ethylene glycol, and 1,4 butanediol, or such additional
molecules as may be included by the authority following the procedure in rule
261-81.8 (15).
"Director" means the director of the
authority.
"Eligible business" means the same as
defined in Iowa Code section
15.316(5).
"Pre-eligibility production threshold" means
the same as defined in Iowa Code section
15.316(8).
"Production year" means any calendar year
after the year in which the eligible business's pre-eligibility production
threshold was established and in which the eligible business produces renewable
chemicals.
"Program" means the renewable chemical
production tax credit program administered pursuant to Iowa Code sections
15.315 through
15.322 and this chapter.
"Renewable chemical" means the same as
defined in Iowa Code section
15.316(10).
Notes
Iowa Admin.
Code r. 261-81.2
Adopted by
IAB
March 29, 2017/Volume XXXIX, Number 20, effective
5/3/2017
Amended by
IAB
February 13, 2019/Volume XLI, Number 17, effective
3/20/2019
Amended by
IAB
March 11, 2020/Volume XLII, Number 19, effective
4/15/2020
Amended by
IAB
August 12, 2020/Volume XLIII, Number 4, effective
9/16/2020
Amended by
IAB
January 10, 2024/Volume XLVI, Number 14, effective
2/14/2024
