Extends the biodiesel blended fuel tax credit for retail dealers in Iowa until January 1, 2033.
This bill extends the biodiesel blended fuel tax credit for retail dealers in Iowa from January 1, 2028, to January 1, 2033. The tax credit is available for individual and corporate income taxes. The bill amends the Iowa Acts to ensure the credit's availability for those retail dealers whose tax year does not align with the repeal date. The credit is calculated in the same manner as provided in sections 422.11P or 422.33, subsection 11C, as amended.
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