SF 2493: Relating to the excise tax on certain ethanol blended gasoline purchased exclusively for use in an implement of husbandry used in agricultural production

What it does

Under current law, the excise tax on each gallon of ethanol blended gasoline classified as E-15 or higher is based on the distribution percentage of those fuels compared to the distribution of all nonaviation gasoline motor fuel, and ranges from cents to cents.17, including in implements used in agricultural production, a person who pays the excise tax may claim a refund from the Iowa department of revenue (IDR). This bill exempts ethanol blended gasoline formulated with more than percent by volume of ethanol from imposition and collection of the excise tax when purchased at a terminal or refinery rack exclusively for use in an implement of husbandry used in agricultural production.

Lobbying · 14 for, 0 against

For: ADM; Deere & Company; Growmark, Inc.; Growth Energy; Iowa Biotechnology Association; Iowa Corn Growers Association; Iowa Department of Agriculture & Land Stewardship; Iowa Farm Bureau Federation; Iowa Farmers Union; Iowa Institute for Cooperatives; Iowa Nebraska Farm Equipment Dealers Association; Iowa Renewable Fuels Association (IRF); and 2 more

In plain words

1. April 15, 2026Filed in the Senate
2. April 15, 2026Approved by the Senate committee
3. April 22, 2026Passed the Senate, 44–0
4. April 22, 2026Arrived in the House
5. May 2, 2026Took the place of HF 2798 on the House floor (the same legislation)
6. May 2, 2026Passed the House, 85–1
7. May 11, 2026Sent to the Governor
8. June 1, 2026Signed into law