Biodiesel Information Details

2021 Biodiesel Information


Jurisdiction:

Iowa
Year of Report:
2021
1) Jurisdiction provides either a refund or an exemption, impose a tax rate different than diesel, or offer an incentive (i.e. producers' or income tax credit):
Yes
2) Jurisdiction offers a refund for tax paid on biodiesel for IFTA carriers:
Effective date of the legislation:
01/01/1996
Brief description of the legislation:
Because Iowa taxes fuel when withdrawn from terminal storage, the tax is collected when purchased at the retail level, but the purchaser can claim a refund on uses for certain activities described in Iowa Administrative rule 701-68.8.
3) Jurisdiction offers a biodiesel tax exemption for IFTA carriers:
Effective date of the legislation:
Brief description of the legislation:
4) Jurisdiction imposes a tax on biodiesel at a rate different than the tax imposed on diesel:
Yes
Effective date of the biodiesel tax rate:
07/01/2015
5) Instructions for the IFTA licensees based in your jurisdiction to report biodiesel use on the IFTA return. :
6) Biodiesel incentive such as a producer's credit or an income tax credit:
Effective date of the legislation:
2006
Type of biodiesel incentive is offered:
In 2006, the Iowa General Assembly enacted House File 2754 establishing a goal that alternative fuels replace 25% of all petroleum used in Iowa by January 1, 2020.