IA HF2299

Retail dealers must timely file reports on total gasoline and diesel fuel gallonage sold or dispensed for each determination period under Code section 452A.33.

Retail dealers who fail to timely file the required gallonage report become ineligible for tax credits under sections 422.11O (E-85 gasoline promotion), 422.11P (biodiesel blended fuel), and 422.11Y (E-15 plus gasoline promotion).

Tax credit ineligibility continues for the current tax year and all succeeding tax years until the required report is filed.

Retail dealers who fail to file reports or maintain required records may face a civil penalty of up to $100 per occurrence, deposited into the state general fund.

The gallonage reports are used to calculate excise tax rates on ethanol blended gasoline (E-15 or higher) and biodiesel blended fuel (B-20 or higher).