Bills › 91st General Assembly
Relating to fuel taxation by extending tax credits for E-85 and E-15 gasoline, and biodiesel, and extending sales tax refunds for biodiesel production
Topics:TaxesIncome taxesTax credits & incentives
Same legislation: HF 1053
Where it is now
- Done: IntroducedFebruary 20, 2025
- Done: SubcommitteeFebruary 20, 2025
- Done: House committeeMay 12, 2025
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 1053 → Its progress continues under the new number. Go to HF 1053 What’s a funnel?
What’s in it
This bill relates to fuel taxation by extending tax credits for E-85 and E-15 gasoline, and biodiesel, and extending sales tax refunds for biodiesel production. The bill extends the eligibility of a retail dealer to claim the E-85 gasoline promotion tax credit from January 1, 2028, to December 31, 2030, for purposes of the individual income tax. The bill also extends the E-85 gasoline promotion tax credit from January 1, 2028, to December 31, 2030, for purposes of the corporate income tax. The bill extends the ability of a retail dealer to claim the E-85 promotion tax credit to December 31, 2030, even if the retail dealer claims an E-15 plus gasoline promotion tax credit during the same year.
Read the full explanation
The bill extends the eligibility of a retail dealer to claim the E-15 plus gasoline promotion tax credit from January 1, 2026, to December 31, 2030, for purposes of the individual income tax. The bill extends the E-15 plus gasoline promotion tax credit from January 1, 2026, to December 31, 2030, for purposes of the corporate income tax. The bill extends the biodiesel blended fuel tax credit for retail dealers from January 1, 2028, to December 31, 2030, for purposes of the individual income tax. The bill also extends the tax credit for retail dealers from January 1, 2028, to December 31, 2030, for purposes of the corporate income tax. _____ The bill amends the Iowa Acts to ensure the availability of the E-85 gasoline promotion tax credit, the E-15 plus gasoline promotion tax credit, and 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 applicable tax credit. The bill extends eligibility for sales tax refunds to producers of biodiesel from January 1, 2028, to January 1, 2030.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
House subcommittee
Named February 20, 2025. On March 13, 2025 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
The changes to biofuels due to House File 1053 are estimated to decrease State General Fund revenue by the amounts detailed in Figure 3 below.
- Biofuels Tax Credits, Extension · May 13, 2025
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Iowa Code it changes
Amends§422.11O§422.11P§422.11Y§422.33§423.4
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
15 for · 0 against · 6 undecided · Who →
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Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
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91st General Assembly
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