This bill extends the biodiesel blended fuel tax credit for retail dealers by changing the repeal date from January 1, 2028, to January 1, 2033. The amendments specifically affect Section 422.11P and Section 422.33 of the Iowa Code, ensuring that the tax credit remains available for an additional five years.

Additionally, the bill clarifies that retail dealers whose tax years end before December 31, 2032, can continue to claim the tax credit in the following tax year. The calculation of the tax credit for this remaining period will follow the same guidelines as outlined in the amended sections, allowing for consistency in tax credit claims despite the alignment with the repeal date.

Statutes affected:
Introduced: 422.11P, 422.33