Proyectos de ley › 91.ª Asamblea General
Modifying the sales or use tax refund for biodiesel production
Temas:AgricultureTaxes
Dónde está ahora
- Hecho: Presentado14 de enero de 2026
- Hecho: Subcomité3 de febrero de 2026
- Hecho: Comité del Senado10 de febrero de 2026
- Se saltó: Lo aprueba el SenadoSigue como SF 2275
- Sigue: Comité de la Cámara
- Sigue: Lo aprueba la Cámara
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Ahora es SF 2275 → Sigue avanzando con el número nuevo. Ir a SF 2275 ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA People who make biodiesel in Iowa would receive a larger tax refund for every gallon they produce. This change increases the amount of money they get back and extends the program through the beginning of 2031. (Todavía no está traducido al español.)1
Lea la explicación oficial (en inglés)
This bill increases the sales or use tax refund available to the producers of biodiesel from cents per gallon to cents per gallon. The amount of the refund is calculated by multiplying the designated rate (currently cents) by the total number of gallons of biodiesel produced by the biodiesel producer in this state. The bill changes the repeal date of the refund from January 1, 2028, to January 1, 2031.
Senate subcommittee
Named February 3, 2026. On February 5, 2026 it recommended amendment and 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
Nota fiscal
Resumen con IA This bill increases the sales and use tax refund for biodiesel producers from four cents to five cents per gallon produced during calendar year 2026. It is estimated that this change will decrease fiscal year 2027 revenue to the General Fund by $1.7 million and to the SAVE Fund by $0.3 million. (en inglés)3
Lea la nota fiscal (en inglés)
Description
Senate File 2503 increases the sales and use tax refund available to biodiesel producers from four cents per gallon of biodiesel produced to five cents per gallon for calendar year 2026. The Bill applies retroactively to January 1, 2026.
Background
Under current law, biodiesel producers are eligible to receive a sales and use tax refund of four cents per gallon of biodiesel produced, up to a maximum of 25.0 million gallons per calendar year. This allows for a maximum annual refund of $1.0 million per biodiesel producer.
Assumptions
- There are eight biodiesel producers in the State that receive a sales and use tax refund.
- Future sales and use tax refunds for biodiesel producers are forecasted based on 2024 quarterly refund returns.
- The refund rate change in the Bill will have no impact on the calendar year production schedules of biodiesel producers.
- Biodiesel production is assumed to increase by 3.5% each year.
- A biodiesel producer will not receive a refund on more than 25.0 million gallons of biodiesel produced each calendar year.
- Sales and use tax refunds are claimed in the quarter after purchases are made.
- Refunds prior to July 1, 2026, that are affected by the Bill will impact FY 2027.
- Secure an Advanced Vision for Education (SAVE) refunds are 1.0% of taxable expenditures.
- Sales and use tax refunds do not impact the Local Option Sales Tax (LOST).
Fiscal Impact
Senate File 2503 is estimated to decrease FY 2027 revenue to the General Fund by $1.7 million and to the SAVE Fund by $0.3 million.
Sources
- Iowa Department of Revenue
- Iowa Renewable Fuels Association
- Legislative Services Agency calculations
- Biodiesel Producers, Sales Tax Refunds · 1 de mayo de 2026
- Biodiesel Producers, Sales Tax Refunds · 23 de abril de 2026
Lo que cambia del Código de Iowa (Iowa Code)
Modifica§423.4
Cabildeo
10 a favor · 0 en contra · 10 indecisos · Quiénes →