Bill > HSB237

Introduced Session

This bill relates to fuel taxation by extending tax credits for E-85 and E-15 gasoline, and biodiesel, and extending sales tax refunds for biodiesel production. The bill extends the eligibility of a retail dealer to claim the E-85 gasoline promotion tax credit from January 1, 2028, to December 31, 2030, for purposes of the individual income tax. The bill also extends the E-85 gasoline promotion tax credit from January 1, 2028, to December 31, 2030, for purposes of the corporate income tax. The bill extends the ability of a retail dealer to claim the E-85 promotion tax credit to December 31, 2030, even if the retail dealer claims an E-15 plus gasoline promotion tax credit during the same year. The bill extends the eligibility of a retail dealer to claim the E-15 plus gasoline promotion tax credit from January 1, 2026, to December 31, 2030, for purposes of the individual income tax. The bill extends the E-15 plus gasoline promotion tax credit from January 1, 2026, to December 31, 2030, for purposes of the corporate income tax. The bill extends the biodiesel blended fuel tax credit for retail dealers from January 1, 2028, to December 31, 2030, for purposes of the individual income tax. The bill also extends the tax credit for retail dealers from January 1, 2028, to December 31, 2030, for purposes of the corporate income tax. H.F. _____ The bill amends the Iowa Acts to ensure the availability of the E-85 gasoline promotion tax credit, the E-15 plus gasoline promotion tax credit, and the biodiesel blended fuel tax credit, for an entire tax year, for those retail dealers whose tax year does not align with the repeal date of the applicable tax credit. The bill extends eligibility for sales tax refunds to producers of biodiesel from January 1, 2028, to January 1, 2030.

Committee Categories

No sponsors listed

Other Sponsors (1)

Committee report approving bill, renumbered as HF 1053. (on 05/13/2025)

Official Document