Iowa – Exemption for Hydroelectricity Conversion Property

SALT Report 2472 – The Iowa State Legislature enacted legislation that creates a sales and use tax exemption for hydroelectricity conversion property when used as an electric power source. The exemption applies to materials used to manufacture, install, or construct hydroelectricity conversion property that is used or will be used as an electric power source.

Hydroelectricity conversion property includes but is not limited to generators, turbines, powerhouses, intakes, coffer dams, walls, water conduits, tailraces, certain concrete components, electrical equipment substations, poles, wires, transformers, breakers, and switches used to convert water, water power, or hydroelectricity into a form of usable energy.

The exemption is effective July 1, 2013.

For Further Information

Iowa State Legislature – House File 630, Laws 2013