1320sa

     On page 2, line 6, of the printed bill, delete ", not".

     On page 2, line 12, after "farm" insert "producing power for the first time on or after July 1, 2007,".

     On page 2, line 21, after "farm" insert "producing power for the first time on or after July 1, 2007,".

     On page 3, line 7, after "farm" insert "producing power for the first time on or after July 1, 2007,".

     On page 3, line 9, delete "kilowatts" and insert "kilowatt hours".

     On page 3, line 9, delete everything after "the" and insert "South Dakota electricity base rate of $0.0475 per kilowatt hour in 2008, with the electricity base rate of $0.0475 per kilowatt hour increasing by 2.5 percent on an annual basis thereafter, as".

     On page 3, delete line 10.

     On page 3, line 11, delete everything before "determined" .

     On page 4, line 1, delete "ten" and insert "twenty".

     On page 4, line 2, after "." insert "If the wind energy tax fund contains less than twenty percent of the gross receipts tax from section 4 of this Act, due to the transmission line rebate under section 7 of this Act, the secretary shall distribute the remainder of funds after the rebate to the county treasurer where the wind farm is located.".

     On page 4, line 5, delete "between" and insert "among".

     On page 4, line 11, after "lines" insert "wind farm collector systems or both".

     On page 4, line 11, delete "new".

     On page 4, line 15, after "lines" insert "and wind farm collector systems".

     On page 4, line 18, after "." insert "The secretary shall determine when the wind farm is commercially operational.".

     On page 4, line 20, after "." insert "The secretary may provide a tax credit, in lieu of full payment of the gross receipts tax, of up to eighty percent of the transmission rebate value that has been approved by the secretary.".

     On page 5, after line 11, insert:

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"      Section 10. That chapter 10-46C be amended by adding thereto a NEW SECTION to read as follows:

     Any project receiving a permit for the payment of the tax pursuant to chapter 10-46C is not eligible for the refund provided in chapter 10-45B.

     Section 11. That chapter 10-45B be amended by adding thereto a NEW SECTION to read as follows:

     Any project receiving a permit for the refund of the tax pursuant to chapter 10-45B is not eligible for the permit provided in chapter 10-46C.".