Bill > HF2643

This bill amends Iowa law to require retail dealers selling gasoline and diesel fuel to file annual reports detailing their total gallonage sold and dispensed for a specific "determination period," which is a defined timeframe for reporting. The bill introduces new provisions that link the timely filing of these reports to a retail dealer's eligibility for certain tax credits under sections 422.11O, 422.11P, and 422.11Y. Specifically, a retail dealer must have "timely filed" their report by February 10th, or an extended deadline of February 28th, to claim these credits. The bill also allows for further extensions under specific circumstances, such as unforeseen emergencies, and requires the report to distinguish between fuel sold from permanent versus mobile locations. Furthermore, if a retail dealer fails to file on time, the department will notify them about the potential loss of tax credits and the process for requesting an extension.

Agriculture (House)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF2643