IowaIowa would allow biodiesel fuel tax credits through 2032
Eligible Iowa retail fuel dealers would be allowed to claim biodiesel blend credits on individual or corporate income taxes through 2032.
What it does
Eligible Iowa retail fuel dealers could claim biodiesel blend tax credits through 2032. Dealers whose tax year ends before December 31, 2032, could claim credit for the rest of 2032 in their next tax year.
Argument forTax credits available through 2032 could give eligible fuel sellers a reason to keep offering biodiesel blends.
Argument againstAllowing dealers to claim these credits through 2032 could reduce income tax revenue available for other state needs.
More detail
Eligible retail fuel dealers would be allowed to claim tax credits for biodiesel blended fuel through 2032. The credit covers eligible Iowa retail dealers under the individual and corporate income taxes. Dealers eligible in calendar year 2032 whose tax year ends before December 31, 2032, could claim the credit in their following tax year. That claim would cover the period from the start of their new tax year through December 31, 2032, using the same credit calculation rules. The provisions authorizing the credit would expire on January 1, 2033.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 22Committee report approving bill, renumbered as HF 2785.Latest
- Apr 21Committee vote: Yeas, 24. Nays, 0. Excused, 1.
- Apr 21Committee report, recommending passage.Minor
- Feb 17Subcommittee recommends passage.Minor
- Feb 12Subcommittee Meeting: 02/17/2026 12:00PM RM 305.
- Feb 5Subcommittee: Vondran, Jacoby and Windschitl.
- Feb 5Introduced, referred to Ways and Means.Introduced
Taxes & BudgetEnvironment & Energy