Bill
Bill > HF2071
IA HF2071
IA HF2071A bill for an act modifying the sales or use tax refund for biodiesel production.
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill increases the sales or use tax refund available to the producers of biodiesel from 4 cents per gallon to 5 cents per gallon. The amount of the refund is calculated by multiplying the designated rate (currently 4 cents) by the total number of gallons of biodiesel produced by the biodiesel producer in this state. The bill changes the repeal date of the refund from January 1, 2028, to January 1, 2031.
AI Summary
This bill modifies the existing sales or use tax refund program for biodiesel production by increasing the refund amount from four cents per gallon to five cents per gallon, meaning producers will receive an additional cent for every gallon of biodiesel they create within the state. The bill also extends the program's duration, pushing back its repeal date from January 1, 2028, to January 1, 2031, providing continued financial incentive for biodiesel manufacturing.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced, referred to Ways and Means. H.J. 80. (on 01/14/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF2071 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF2071.html |
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