Ethanol-Blended Gasoline Tax Credit (Iowa)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Iowa

Name Ethanol-Blended Gasoline Tax Credit
Incentive Type Corporate Tax Credit
Applicable Sector Commercial, Retail service stations
Eligible Technologies Ethanol
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 0.025/gallon







Start Date 2002-01-01
Expiration Date 2007-06-30






Maximum Incentive None










Program Administrator Iowa Department of Natural Resources
Website http://www.legis.state.ia.us/GA/80GA/Legislation/HF/00600/HF00689/Current.html
Date added to DSIRE 2002-03-08
Last DSIRE Review 2004-06-08



References DSIRE[1]


Summary

This incentive is available to retail service stations at which more than 60% of gasoline sold and dispensed through one or more metered pumps is ethanol-blended beginning January 1, 2002. Eligible service stations will receive a tax credit of $0.025 (2.5 cents) per gallon for each gallon of ethanol-blended gasoline sold and dispensed through all metered pumps in excess of 60% of all gasoline sold. "Ethanol blended gasoline" is defined as "motor fuel containing at least 10% alcohol distilled from cereal grains."

HF 689 (2003) amended Iowa Code § 422.11C and § 422.33 by changing the effective date of this credit to January 1, 2002. Previously, the effective date was tax years beginning on or after January 1, 2002. The deadline for claiming refunds of taxes, interest or penalties arising from this amendment was October 1, 2003.


Authorities (Please contact the if there are any file problems.)

Authority 1: Iowa Code § 422.11C
Date Effective 2002-01-01

Expiration Date 2007-06-30

















Incentive Contact

Contact Name Public Information
Department Iowa Department of Natural Resources
Division Energy and Waste Management Bureau
Address Wallace State Office Building
Address 2 502 E. 9th Street
Place Des Moines, Iowa
Zip/Postal Code 50319-0034
Phone (515) 281-8518



Website http://www.iowadnr.com/energy/index.html
Contact Name Public Information
Department Iowa Department of Revenue

Address Hoover State Office Building
Address 2 1305 E. Walnut
Place Des Moines, Iowa
Zip/Postal Code 50319
Phone (800) 367-3388
Phone 2 (515) 281-3114


Website http://www.iowa.gov/tax/index.html
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"