This bill aims to extend tax credits and sales tax refunds related to fuel taxation in Iowa, specifically for E-85 and E-15 gasoline, as well as biodiesel. Key provisions include extending the eligibility for retail dealers to claim the E-85 gasoline promotion tax credit and the E-15 plus gasoline promotion tax credit from January 1, 2026, and January 1, 2028, respectively, to December 31, 2030. Additionally, the biodiesel blended fuel tax credit for retail dealers is also extended to December 31, 2030. The bill ensures that retail dealers can continue to claim these credits even if their tax year does not align with the repeal dates.

The bill includes several amendments to existing Iowa Acts, specifically changing the repeal dates from 2026 and 2028 to 2031 for various subsections related to these tax credits. It also extends eligibility for sales tax refunds for biodiesel producers from January 1, 2028, to January 1, 2030. Overall, the legislation seeks to support the use of renewable fuels by providing financial incentives to retail dealers and producers in Iowa.

Statutes affected:
Introduced: 422.11O, 422.11P, 422.11Y, 422.33, 423.4