HF 2355: Allowing a corn producer to choose not to participate in the promotional order otherwise requiring the first purchaser to deduct a state assessment imposed on the per bushel sales price that is forwarded to the Iowa corn promotion board, and making penalties applicable

What it does

BACKGROUND. An excise tax or assessment is imposed on the first purchaser of a number of different types of commodities as a pass-through (commonly referred to as a “checkoff”), which may be administered under federal or state law or both. In the case of corn, the assessment is implemented and administered under state law (Code chapter 185C).1).25).13). The rate of the state assessment is imposed per marketing year, beginning September and ending August 31.27).26). BILL’S PROVISIONS. This bill allows a producer to apply to the board to be issued a certificate of nonparticipation (certificate).

Lobbying · 1 for, 3 against

For: Iowa Farmers Union

Against: Agribusiness Association of Iowa; Iowa Corn Growers Association; Iowa Institute for Cooperatives

In plain words

1. February 7, 2024Filed in the House and sent to the Agriculture committee