IA SSB3117

Retail dealers who fail to timely file required reports on total gasoline and diesel fuel gallonage sold become ineligible to claim tax credits for E-85 gasoline promotion, biodiesel blended fuel, and E-15 plus gasoline promotion.

The ineligibility for tax credits applies to the current tax year and all succeeding tax years until the required report is filed.

Retail dealers who fail to file the gallonage report or maintain required records may face a civil penalty of up to $100 per occurrence, deposited into the state's 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).

Amends Iowa Code sections 422.11O, 422.11P, 422.11Y, and 452A.33 to add timely filing as a requirement for tax credit eligibility.