The bill extends the biodiesel blended fuel tax credit for retail dealers by changing the repeal date from January 1, 2028, to January 1, 2033. This extension applies to the provisions outlined in Section 422.11P and Section 422.33 of the Iowa Code, which pertain to individual and corporate income taxes.

Additionally, the bill ensures that retail dealers whose tax years do not align with the new repeal date can continue to claim the tax credit for the entirety of their tax year ending before December 31, 2032. The tax credit will be calculated in the same manner as specified in the relevant sections of the Iowa Code, allowing for a seamless transition for those affected by the change in the repeal date.

Statutes affected:
Introduced: 422.11P, 422.33