IowaIowa bill would set biodiesel refunds at five cents per gallon
If adopted, Iowa biodiesel producers would have their refund calculated at five cents per gallon, with the provision set to end January 1, 2031.
What it does
If adopted, the bill would set the refund at five cents per gallon of biodiesel produced in Iowa.
If adopted, the biodiesel refund provision would be repealed on January 1, 2031.
Argument forA five-cent-per-gallon refund could give Iowa biodiesel producers more money tied to the amount they produce.
Argument againstA five-cent refund could leave less sales or use tax revenue available for other public needs.
More detail
The bill would calculate the refund at five cents for each gallon of biodiesel produced in Iowa. The rate applies to biodiesel producers and the biodiesel they produce in Iowa. The refund would be calculated for each calendar-year quarter.
The bill would set January 1, 2031, as the repeal date for this refund provision. The date applies to the sales or use tax refund for biodiesel production described in the bill. The stated repeal date is January 1, 2031.
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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
- May 2Read first time, attached to SF 2503.Latest
- Vote recorded Shall the bill pass? Result: pass.Lower
- May 2Message from House.
- May 2Immediate message.
- May 2Explanation of vote.
- May 2Passed House, yeas 83, nays 2.Passed 1st Chamber
- Apr 23Fiscal note.
- Apr 22Introduced, placed on Ways and Means calendar.Introduced
- May 2Read first time, attached to SF 2503.Latest
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