Iowa HF2786 modifies the sales or use tax refund for biodiesel production, increasing it from 4 cents to 5 cents per gallon.

Iowa HF2786 amends the sales or use tax refund for biodiesel production. It increases the refund rate from 4 cents to 5 cents per gallon, calculated by multiplying the designated rate by the total number of gallons produced. The bill also extends the repeal date of this refund from January 1, 2028, to January 1, 2031. This change affects biodiesel producers in Iowa, providing them with a higher tax refund for their production.

Iowa HF2786 modifies the sales or use tax refund for biodiesel production, increasing it from 4 cents to 5 cents per gallon.

Iowa HF2786 amends the sales or use tax refund for biodiesel production. It increases the refund rate from 4 cents to 5 cents per gallon, calculated by multiplying the designated rate by the total number of gallons produced. The bill also extends the repeal date of this refund from January 1, 2028, to January 1, 2031. This change affects biodiesel producers in Iowa, providing them with a higher tax refund for their production.