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IA HF2343
Bill
Status
2/9/2026
Primary Sponsor
Transportation
Click for details
AI Summary
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Exempts ethanol blended gasoline containing more than 85% ethanol (E-85+) from state excise tax when purchased at a terminal or refinery rack exclusively for use in agricultural implements of husbandry
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Purchasers must obtain and complete an exemption certificate from the Iowa Department of Revenue to qualify for the tax exemption
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Suppliers are required to retain signed exemption certificates for at least three years, and the department will disallow sales without proper documentation
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Purchasers who use or dispose of tax-exempt fuel for non-agricultural purposes become solely liable for the excise tax and must remit payment directly to the department
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Current law taxes E-15 and higher ethanol blends at rates ranging from 24 to 30 cents per gallon based on distribution percentages
Legislative Description
A bill for an act relating to the excise tax on certain ethanol blended gasoline purchased exclusively for use in an implement of husbandry used in agricultural production.(Formerly HSB 561.)
Last Action
Subcommittee recommends passage.
3/4/2026