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IA HSB561
SB
Status
1/14/2026
Primary Sponsor
Transportation
Click for details
AI Summary
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Exempts ethanol blended gasoline containing more than 85% ethanol by volume from state excise tax when purchased at a terminal or refinery rack exclusively for use in agricultural implements
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Current excise tax on E-15 or higher ethanol blended gasoline ranges from 24 to 30 cents per gallon based on distribution percentages
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Under existing law, farmers using motor fuel in agricultural implements must pay the excise tax upfront and then claim a refund from the Iowa Department of Revenue
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Creates new section 452A.16 to provide a point-of-sale exemption rather than requiring the current refund process for qualifying high-ethanol fuel purchases
Legislative Description
A bill for an act relating to the excise tax on certain ethanol blended gasoline purchased exclusively for use in an implement used in agricultural production.(See HF 2343.)
Last Action
Committee report approving bill, renumbered as HF 2343.
2/9/2026