Bills › 88th General Assembly
HSB 562
Where it is now
- Done: IntroducedApril 17, 2019
- Done: SubcommitteeJanuary 27, 2020
- Done: House committeeFebruary 6, 2020
- Done: Passes the HouseJune 3, 2020
- Skipped: Senate committeeSkipped
- Done: Passes the SenateJune 3, 202049–0
- Done: To the GovernorJune 16, 2020
- Done: Signed into lawJune 30, 2020
SF 2403 became law → The same legislation passed as SF 2403, so this version was set aside. Go to SF 2403 What’s a funnel?
What’s in it
This bill relates to the excise taxes on motor fuel and certain special fuel. Under current law, until June 30, 2020, the per-gallon excise tax on ethanol blended gasoline is up to cents less than the per-gallon excise tax on other motor fuel, based on the distribution percentage of the fuels. After June 30, 2020, the per-gallon excise tax on ethanol blended gasoline and other motor fuel is cents. The bill instead imposes a per-gallon excise tax of cents on motor fuel other than ethanol blended gasoline classified as E-15 or higher.
Read the full explanation
Until July 1, 2026, the bill imposes a per-gallon excise tax on ethanol blended gasoline classified as E-15 or higher that is up to cents less than the per-gallon excise tax on other motor fuel, based on the distribution percentage of the fuels. On and after July 1, 2026, the per-gallon excise tax on ethanol blended gasoline classified as E-15 or higher is cents.33. Current law provides for legislative review of the fuel distribution percentage formulas at least every six years, with the first report due no later than January 1, 2020. The bill instead provides for legislative review of the fuel distribution percentage formulas at least every five years. Under current law, the per-gallon excise tax on E-85 gasoline is up to cents less than the per-gallon excise tax on other motor fuel, depending on the amount of excise tax paid on E-85 gasoline during the past calendar year and the amount of the excise tax on other motor fuel. The bill strikes the provisions relating to the per-gallon excise tax on E-85 gasoline. Under current law, until June 30, 2020, the per-gallon excise tax on biodiesel blended fuel classified as B-11 or higher is up to cents less than the per-gallon excise tax on other special fuel for diesel engines of motor vehicles, based on the distribution percentage of the fuels.5 cents.5 cents to July 1, 2026.33.33.85 applies.
House subcommittee
Named January 27, 2020. On January 29, 2020 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Fiscal note
Changes to revenues deposited in the RUTF are displayed below. Table 4 reflects current law, which includes the expiration of the existing tax schedules on June 30, 2020, for ethanol and biodiesel, compared to the Bill. The impact of the inventory tax on businesses that hold title to stored fuels that are for sale is unknown.
- Final Fiscal Note – Biofuels Excise Tax · July 17, 2020
- Biofuels Excise Tax · March 5, 2020
- Biofuels Excise Tax · February 10, 2020
- Biofuels Excise Tax · April 22, 2019
Iowa Code it changes
Lobbying
15 for · 4 against · 27 undecided · Who →