Iowa 2023-2024 Regular Session

Iowa House Bill HF723

Introduced
4/27/23  
Introduced
4/27/23  

Caption

A bill for an act relating to clean energy feasibility, energy tax credits, making an appropriation, and including effective date provisions.

Impact

The legislation is set to have a considerable impact on state laws by fostering a more robust clean energy sector. Through the establishment of a clean energy bank, the bill seeks to combine both public and private investments to improve the financing of energy improvements. It also outlines strategies for modernization of the electric grid, energy storage solutions, and initiatives specifically targeting agricultural projects led by young farmers, thus promoting sustainable practices in various industrial sectors.

Summary

House File 723 is aimed at enhancing Iowa's clean energy capacity by establishing frameworks for workforce development and introducing energy tax credit programs. The bill appropriates funds to the Iowa Economic Development Authority to assess clean energy feasibility and to enhance job training resources. This assessment aims to facilitate the development and success of clean energy programs across Iowa while ensuring that the workforce is equipped with necessary skills and resources to contribute to this emerging sector.

Contention

A notable feature of the bill is its linkage to federal funding opportunities provided by the Inflation Reduction Act of 2022. This connection opens avenues for Iowa to access substantial financial resources for implementing energy incentive programs. Discussions may arise concerning the bill’s implications on local control versus state oversight of clean energy initiatives, particularly how it addresses disparities in resource availability across different communities. Moreover, there may be debates regarding the effectiveness of tax credits and the role of government in shaping energy markets.

Companion Bills

No companion bills found.

Previously Filed As

IA HF684

A bill for an act relating to carbon dioxide sequestration, making an appropriation, and including effective date provisions.

IA SF2437

A bill for an act relating to and making appropriations for veterans and health and human services, including other related provisions and appropriations, and including effective date and retroactive applicability provisions.(Formerly SSB 3205.)

IA SSB3205

A bill for an act relating to and making appropriations for veterans and health and human services, including other related provisions and appropriations, and including effective date and retroactive applicability provisions.(See SF 2437.)

IA SSB1213

A bill for an act relating to appropriations for veterans and health and human services and including other related provisions and appropriations, providing penalties, and including effective date and retroactive and other applicability date provisions.(See SF 561.)

IA HF710

A bill for an act relating to the endow Iowa tax credit, making appropriations, and including retroactive applicability and effective date provisions. (Formerly HF 673, HSB 122.) Effective date: 06/01/2023. Applicability date: 01/01/2023.

IA HF2693

A bill for an act relating to and making appropriations to the justice system, and including effective date provisions. Effective date: 05/09/2024, 07/01/2024.

IA HSB123

A bill for an act relating to energy systems by modifying electric power generation, energy storage, and transmission facility ratemaking principles, creating tariffs for public utility innovation programs, implementing land restoration standards, including right of first refusal, modifying the energy infrastructure revolving loan program, and creating regulations for anaerobic digester systems, making appropriations, providing penalties, and including effective date and applicability provisions.(See HF 834.)

IA SSB1112

A bill for an act relating to energy systems by modifying electric power generation, energy storage, and transmission facility ratemaking principles, creating tariffs for public utility innovation programs, implementing land restoration standards, including right of first refusal, modifying the energy infrastructure revolving loan program, and creating regulations for anaerobic digester systems, making appropriations, providing penalties, and including effective date and applicability provisions.(See SF 585.)

IA HF2695

A bill for an act relating to and making appropriations to the judicial branch, and including effective date provisions.

IA SSB3190

A bill for an act relating to and making appropriations to the judicial branch, and including effective date provisions.

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