On page 3, between lines 21 and 22 of the House Taxation Committee engrossed bill, insert:
" Section 6. That § 10-35-20 be amended to read as follows:
10-35-20. The secretary shall deposit the tax imposed by §§ 10-35-18 and, 10-35-19, and section
3 of this Act into the wind energy tax fund. There is created in the state treasury the wind energy tax
fund.
Section 7. That § 10-35-21 be amended to read as follows:
10-35-21. The secretary shall distribute all of the tax deposited in the wind energy tax fund
pursuant to § 10-35-18 and twenty percent of the tax deposited in the wind energy tax fund pursuant
to § 10-35-19
and section 3 of this Act to the county treasurer where the wind farm is located.
If the
wind energy tax fund contains less than twenty percent of the gross receipts tax from § 10-35-19, due
to the transmission line rebate under § 10-35-22, the secretary shall distribute the remainder of funds
after the rebate to the county treasurer where the wind farm is located. If a wind farm is located in
more than one county, each county shall receive the same percentage of the tax as the percentage of
wind towers in the wind farm located in the county. Upon receipt of the taxes, the county auditor
shall apportion the tax among the school districts, the county, and the organized townships where
a wind tower is located. The tax shall be apportioned by the county auditor by allocating fifty percent
of the tax to the school district where each wind tower is located, fifteen percent to the organized
township where each wind tower is located, and thirty-five percent to the county. If a wind tower is
located in a township that is not organized, the unorganized township's share of the tax for that wind
tower is allocated to the county. The secretary shall distribute the money to the counties on or before
the first day of May.
Any remaining revenue in the wind energy tax fund shall be deposited in the
state general fund. ".