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IA HSB688

SB

Official Source

Status

Introduced

2/5/2026

Primary Sponsor

Ways and Means

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Extends the biodiesel blended fuel tax credit repeal date from January 1, 2028, to January 1, 2033, providing a five-year extension
  • Applies to both individual income tax (Section 422.11P) and corporate income tax (Section 422.33, subsection 11C)
  • Retail dealers selling biodiesel blended fuel remain eligible to claim the tax credit through calendar year 2032
  • Ensures retail dealers whose tax year does not align with the calendar year can continue claiming the credit for their entire tax year ending prior to December 31, 2032
  • Proposed by the House Ways and Means Committee, sponsored by Chairperson Nordman

Legislative Description

A bill for an act extending the biodiesel blended fuel tax credit.

Last Action

Subcommittee recommends passage.

2/17/2026

Committee Referrals

Ways and Means2/5/2026

Full Bill Text

No bill text available