This bill amends existing Iowa law regarding the reporting of total gasoline and diesel fuel gallonage sold by retail dealers. It introduces new requirements for retail dealers to timely file reports as mandated by section 452A.33, specifically for the latest determination period before the close of their tax year. The bill adds new subparagraphs to sections 422.11O, 422.11P, and 422.11Y, which outline that failure to file these reports will result in ineligibility to claim associated tax credits for the current and any succeeding tax years until the report is submitted.

Additionally, the bill modifies section 452A.33 by establishing a civil penalty for retail dealers who fail to file the required reports or maintain necessary records. The penalty is set at a maximum of one hundred dollars per occurrence, with the collected amounts directed to the state’s general fund. The changes aim to ensure compliance with reporting requirements, which are essential for calculating excise taxes on ethanol blended gasoline and biodiesel blended fuel.

Statutes affected:
Introduced: 422.11O, 452A.33