This bill aims to extend tax credits and sales tax refunds related to fuel taxation, 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 bill extends the biodiesel blended fuel tax credit for retail dealers from January 1, 2028, to December 31, 2030.

The bill also makes amendments to ensure that retail dealers can claim these tax credits for an entire tax year, even if their tax year does not align with the repeal dates of the applicable credits. Furthermore, it extends eligibility for sales tax refunds for biodiesel producers from January 1, 2028, to January 1, 2030. Notably, the bill includes several deletions of previous repeal dates, changing them to 2031, thereby providing a longer duration for these tax benefits.

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