Modifies the sales or use tax refund for biodiesel production in Iowa, increasing it temporarily.
This bill modifies the sales or use tax refund for biodiesel production in Iowa. It increases the refund rate from 4 cents per gallon to 5 cents per gallon for biodiesel produced between January 1, 2026, and January 1, 2027. After that, the rate reverts to 4 cents per gallon until the refund is repealed on January 1, 2028. The changes apply retroactively to biodiesel produced on or after January 1, 2026.
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