HSB 237: 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

What it does

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.

House subcommittee · named February 20, 2025

• Rep. Michael V. Sexton (R)
• Rep. Eric J. Gjerde (D) · eric.gjerde@legis.iowa.gov
• Rep. David E. Young (R) · david.young@legis.iowa.gov

Lobbying · 15 for, 0 against

For: Casey's General Stores; Chevron U.S.A. Inc. and Affiliates; FUELIowa (PMCI); Hy-Vee, Inc.; Iowa Association of Business and Industry (ABI); Iowa Biodiesel Board; Iowa Biotechnology Association; Iowa Corn Growers Association; Iowa Farm Bureau Federation; Iowa Institute for Cooperatives; Iowa Soybean Association; KWIK Trip, Inc.; and 3 more

In plain words

1. February 20, 2025Filed in the House and sent to the Ways and Means committee
2. February 20, 2025House subcommittee named: Sexton, Gjerde and Young
3. March 13, 2025Subcommittee recommended passing it
4. May 12, 2025Approved by the House committee
5. May 12, 2025Committee vote: 22–0
6. May 13, 2025Approved by the House committee, and given a new number: HF 1053