Iowa SF2393 mandates that retail dealers report total gasoline and diesel fuel gallonage sold or dispensed to be eligible for certain tax credits.

Iowa SF2393 amends existing tax credit provisions to require retail dealers to report total gasoline and diesel fuel gallonage sold or dispensed. Dealers who fail to file this report are ineligible to claim tax credits for E-85 gasoline promotion, biodiesel blended fuel, or E-15 plus gasoline promotion. The report is used to calculate excise taxes on ethanol and biodiesel blends. Failure to file the report may result in a civil penalty of up to $100 per occurrence.

Iowa SF2393 mandates that retail dealers report total gasoline and diesel fuel gallonage sold or dispensed to be eligible for certain tax credits.

Iowa SF2393 amends existing tax credit provisions to require retail dealers to report total gasoline and diesel fuel gallonage sold or dispensed. Dealers who fail to file this report are ineligible to claim tax credits for E-85 gasoline promotion, biodiesel blended fuel, or E-15 plus gasoline promotion. The report is used to calculate excise taxes on ethanol and biodiesel blends. Failure to file the report may result in a civil penalty of up to $100 per occurrence.