Proyectos de ley › 91.ª Asamblea General
Extending the biodiesel blended fuel tax credit
Presentado por el comité Ways and Means de la Cámara
Temas:AgricultureTaxesTax credits & incentives
La misma legislación: HSB 688
Dónde está ahora
- Hecho: Presentado5 de febrero de 2026
- Hecho: Subcomité5 de febrero de 2026
- Hecho: Comité de la Cámara21 de abril de 2026
- Hecho: Lo aprueba la Cámara2 de mayo de 202684–1
- Se detuvo: Comité del SenadoMurió al terminar la Asamblea General
- Sigue: Lo aprueba el Senado
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Murió al terminar la sesión La sesión de 2026 terminó el 3 de mayo de 2026, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA Los minoristas que venden mezclas de biodiesel pueden seguir recibiendo un crédito fiscal por cinco años más. En lugar de que el crédito termine en 2028, ahora duraría hasta 2033. Este cambio también asegura que las empresas puedan usar el crédito durante todo su año fiscal, incluso si su calendario no coincide con la fecha de finalización oficial.1
Lea la explicación oficial (en inglés)
This bill extends the repeal of the biodiesel blended fuel tax credit for retail dealers from January 1, 2028, to January 1, 2033, for purposes of the individual and corporate income taxes. The bill amends the Iowa Acts to ensure the availability of the biodiesel blended fuel tax credit for an entire tax year for those retail dealers whose tax year does not align with the repeal date of the tax credit.
Por qué importa. Los distribuidores de combustible al por menor seguirían siendo elegibles para el crédito fiscal por combustible mezclado con biodiesel para los impuestos sobre la renta individuales y corporativos hasta el 1 de enero de 2033. Se estima que este cambio disminuirá los ingresos del General Fund en $4.8 millones en el año fiscal 2029, $26.2 millones en el año fiscal 2030, $28.5 millones en el año fiscal 2031, $29.5 millones en el año fiscal 2032 y $30.2 millones en el año fiscal 2033.2
House subcommittee
Named February 5, 2026 (as HSB 688). On February 17, 2026 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
1 comentario público por escrito a su subcomité: 17 de febrero de 2026 (1) · en el sitio de la Legislatura
Nota fiscal
Less revenue: up to $30.2M Compare con otros proyectos
Resumen con IA This bill extends the expiration date of the biodiesel blended fuel tax credit for retail dealers until January 1, 2033. It is estimated to decrease General Fund revenues by $4.8 million in fiscal year 2029, $26.2 million in fiscal year 2030, $28.5 million in fiscal year 2031, $29.5 million in fiscal year 2032, and $30.2 million in fiscal year 2033. (en inglés)4
Lea la nota fiscal (en inglés)
Description
House File 2785 extends the repeal of the Biodiesel Blended Fuel Tax Credit for retail dealers from January 1, 2028, to January 1, 2033, and allows retail dealers whose tax year does not align with the repeal date to access the tax credit.
Background
The Biodiesel Blended Fuel Tax Credit was created in 2006 Iowa Acts, chapter 1142 (Regulation of Renewable Fuels and Energy Act), and is available to retail dealers selling biodiesel blended motor fuel in Iowa. To qualify for the credit, the blend that is sold must be at least 5.0% biodiesel. The tax credit is currently equal to $0.050 per blended gallon for blends of at least 11.0% biodiesel but less than 20.0%, $0.070 for blends of at least 20.0% but less than 30.0%, and $0.100 for blends of at least 30.0%. According to the March 2026 Contingent Liabilities Report from the Iowa Department of Revenue (IDR), approximately $27.1 million was claimed from the tax credit against individual and corporate income taxes in FY 2025.
Assumptions
- According to the IDR, the estimated Biodiesel Blended Fuel Tax Credit claims by tax year are as follows:
- TY 2023 = $21.6 million
- TY 2024 = $26.0 million
- TY 2025 = $26.4 million
- TY 2026 = $27.3 million
- TY 2027 = $27.7 million
- Tax credit claims will increase at a rate of 2.1% each tax year from TY 2028 through TY 2033.
- Tax credit claims from the Bill will begin to be claimed against corporate and individual income taxes beginning in TY 2028, with initial fiscal impacts in FY 2029.
- There is no annual tax credit cap due to the Bill.
- Tax credit rates under the Bill are equal to the tax credit rates under current law.
- According to the IDR, it is assumed that 100.0% of refundable tax credits from the Bill will be claimed, with the timing of claims indicated below:
- Year 0 = 0.0%
- Year 1 = 17.0%
- Year 2 = 75.3%
- Year 3 = 6.0%
- Year 4 = 1.7%
- The refundable tax credit will have no impact on the income surtax for schools.
Fiscal Impact
House File 2785 is estimated to decrease General Fund revenues by the following amounts:
- FY 2029 = $4.8 million
- FY 2030 = $26.2 million
- FY 2031 = $28.5 million
- FY 2032 = $29.5 million
- FY 2033 = $30.2 million
Sources
- Iowa Department of Revenue
- Legislative Services Agency analysis
- Biodiesel Blended Fuel Tax Credit Extension · 22 de abril de 2026 · $30.2M
Lo que cambia del Código de Iowa (Iowa Code)
Cabildeo
4 a favor · 0 en contra · 8 indecisos · Quiénes →
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91st General Assembly