Increases the sales or use tax refund for biodiesel producers from 4 cents to 5 cents per gallon and extends the refund period until January 1, 2031.

Iowa SF2275 modifies the sales or use tax refund for biodiesel production by increasing the refund rate from 4 cents to 5 cents per gallon. The refund is calculated by multiplying the designated rate by the total number of gallons of biodiesel produced by the producer in the state during each quarter of a calendar year. The bill also extends the repeal date of the refund from January 1, 2028, to January 1, 2031. This change affects biodiesel producers in Iowa by providing them with a higher refund for their biodiesel production.

Increases the sales or use tax refund for biodiesel producers from 4 cents to 5 cents per gallon and extends the refund period until January 1, 2031.

Iowa SF2275 modifies the sales or use tax refund for biodiesel production by increasing the refund rate from 4 cents to 5 cents per gallon. The refund is calculated by multiplying the designated rate by the total number of gallons of biodiesel produced by the producer in the state during each quarter of a calendar year. The bill also extends the repeal date of the refund from January 1, 2028, to January 1, 2031. This change affects biodiesel producers in Iowa by providing them with a higher refund for their biodiesel production.