Read the full stored bill text
House
File
1053
-
Introduced
HOUSE
FILE
1053
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
HSB
237)
A
BILL
FOR
An
Act
relating
to
fuel
taxation
by
extending
tax
credits
1
for
E-15
gasoline,
and
modifying
the
sales
tax
refund
for
2
biodiesel
production.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
1653HV
(2)
91
jm/jh
H.F.
1053
Section
1.
Section
422.11O,
subsection
5,
paragraph
b,
Code
1
2025,
is
amended
to
read
as
follows:
2
b.
This
subsection
is
repealed
January
1,
2026
2029
.
3
Sec.
2.
Section
422.11Y,
subsection
4,
paragraph
b,
Code
4
2025,
is
amended
to
read
as
follows:
5
b.
The
designated
rate
of
the
tax
credit
is
nine
cents
,
6
except
that
for
calendar
year
2028
the
designated
rate
is
four
7
and
one-half
cents
.
8
Sec.
3.
Section
422.11Y,
subsections
7
and
9,
Code
2025,
are
9
amended
to
read
as
follows:
10
7.
Any
credit
in
excess
of
the
retail
dealer’s
tax
liability
11
shall
be
refunded
,
except
any
credit
in
excess
of
the
retail
12
dealer’s
tax
liability
for
calendar
year
2028
shall
not
be
13
refunded
.
In
lieu
of
claiming
a
refund,
if
available,
the
14
retail
dealer
may
elect
to
have
the
overpayment
shown
on
the
15
retail
dealer’s
final,
completed
return
credited
to
the
tax
16
liability
for
the
following
tax
year.
17
9.
This
section
is
repealed
January
1,
2026
2029
.
18
Sec.
4.
Section
422.33,
subsection
11D,
paragraphs
b
and
c,
19
Code
2025,
are
amended
to
read
as
follows:
20
b.
Any
E-15
plus
gasoline
promotion
tax
credit
which
is
in
21
excess
of
the
taxpayer’s
tax
liability
shall
be
refunded
as
22
provided
in
section
422.11Y,
or
may
be
shown
on
the
taxpayer’s
23
final,
completed
return
credited
to
the
tax
liability
for
the
24
following
tax
year
in
the
same
manner
as
provided
in
section
25
422.11Y
.
26
c.
This
subsection
is
repealed
January
1,
2026
2029
.
27
Sec.
5.
Section
423.4,
subsection
9,
paragraph
b,
Code
2025,
28
is
amended
to
read
as
follows:
29
b.
The
amount
of
the
refund
shall
be
calculated
by
30
multiplying
a
designated
rate
by
the
total
number
of
gallons
31
of
biodiesel
produced
by
the
biodiesel
producer
in
this
state
32
during
each
quarter
of
a
calendar
year.
The
designated
rate
33
shall
be
four
and
one-half
cents.
34
Sec.
6.
2011
Iowa
Acts,
chapter
113,
section
37,
as
amended
35
-1-
LSB
1653HV
(2)
91
jm/jh
1/
2
H.F.
1053
by
2016
Iowa
Acts,
chapter
1106,
section
3,
and
2022
Iowa
Acts,
1
chapter
1067,
section
57,
is
amended
to
read
as
follows:
2
SEC.
37.
TAX
CREDIT
AVAILABILITY.
For
a
retail
dealer
who
3
may
claim
an
E-15
plus
gasoline
promotion
tax
credit
under
4
section
422.11Y
or
422.33,
subsection
11D
,
as
enacted
in
this
5
Act
and
amended
in
subsequent
Acts,
in
calendar
year
2025
6
2028
,
and
whose
tax
year
ends
prior
to
December
31,
2025
2028
,
7
the
retail
dealer
may
continue
to
claim
the
tax
credit
in
the
8
retail
dealer’s
following
tax
year.
In
that
case,
the
tax
9
credit
shall
be
calculated
in
the
same
manner
as
provided
in
10
section
422.11Y
or
422.33,
subsection
11D
,
as
enacted
in
this
11
Act
and
amended
in
subsequent
Acts,
for
the
remaining
period
12
beginning
on
the
first
day
of
the
retail
dealer’s
new
tax
year
13
until
December
31,
2025
2028
.
For
that
remaining
period,
the
14
tax
credit
shall
be
calculated
in
the
same
manner
as
a
retail
15
dealer
whose
tax
year
began
on
the
previous
January
1
and
who
16
is
calculating
the
tax
credit
on
December
31,
2025
2028
.
17
EXPLANATION
18
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
19
the
explanation’s
substance
by
the
members
of
the
general
assembly.
20
This
bill
relates
to
fuel
taxation
by
extending
the
tax
21
credit
for
E-15
gasoline
and
modifying
the
sales
tax
refund
for
22
biodiesel
production.
23
The
bill
modifies
the
E-15
gasoline
tax
credit
by
extending
24
the
repeal
of
the
credit
from
January
1,
2026,
to
January
1,
25
2029.
The
bill
reduces
the
tax
credit
from
9
cents
per
gallon
26
to
4.5
cents
per
gallon
in
calendar
year
2028,
and
makes
the
27
tax
credit
nonrefundable
in
calendar
year
2028.
28
The
bill
amends
the
Iowa
Acts
to
ensure
the
availability
of
29
the
E-15
gasoline
tax
credit
for
those
retail
dealers
whose
tax
30
year
does
not
align
with
the
repeal
date
of
the
E-15
gasoline
31
tax
credit
repeal
date
in
the
bill.
32
The
bill
increases
the
refund
available
to
the
producers
of
33
biodiesel
from
4
cents
per
gallon
produced
to
4.5
cents
per
34
gallon
produced.
35
-2-
LSB
1653HV
(2)
91
jm/jh
2/
2