Iowa SSB3117 mandates timely reporting of gasoline and diesel fuel sales by retail dealers to qualify for certain tax credits.

Iowa SSB3117 amends existing tax credit provisions to require retail dealers to file reports on total gasoline and diesel fuel sales for a determination period. Failure to file these reports disqualifies dealers from claiming tax credits for E-85 gasoline promotion, biodiesel blended fuel, and E-15 plus gasoline promotion. The bill also allows for a civil penalty of up to $100 per occurrence for non-compliance, with penalties deposited into the state's general fund.

Iowa SSB3117 mandates timely reporting of gasoline and diesel fuel sales by retail dealers to qualify for certain tax credits.

Iowa SSB3117 amends existing tax credit provisions to require retail dealers to file reports on total gasoline and diesel fuel sales for a determination period. Failure to file these reports disqualifies dealers from claiming tax credits for E-85 gasoline promotion, biodiesel blended fuel, and E-15 plus gasoline promotion. The bill also allows for a civil penalty of up to $100 per occurrence for non-compliance, with penalties deposited into the state's general fund.