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. It amends various sections of the Iowa Code to change the repeal dates for these tax credits from January 1, 2026, and January 1, 2028, to December 31, 2031. This includes provisions for retail dealers to continue claiming the E-85 gasoline promotion tax credit and the E-15 plus gasoline promotion tax credit through the end of 2030, even if their tax year does not align with the repeal date. Additionally, the bill extends the biodiesel blended fuel tax credit eligibility for retail dealers to the same date.

Furthermore, the bill ensures that producers of biodiesel will have access to sales tax refunds until January 1, 2030. The amendments made in this bill are designed to provide continued support for the production and sale of renewable fuels, thereby promoting the use of alternative energy sources in Iowa.

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