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| Iowa Biodiesel Board members and staff with Gov. Terry Branstad and Lt. Gov. Kim Reynolds |
IBB’s 2011 priorities are:
Biodiesel Blended Fuel Credit
Through December 31, 2011, motor fuel retailers whose diesel sales are at least 50% biodiesel are eligible for a $0.03 per gallon tax credit on each gallon of biodiesel sold containing a minimum content of 2% biodiesel. IBB supports an extension of incentives that would include higher blends of biodiesel.
House File 452 (formerly 293)
IBB news releases on effort
Renewable Fuel Infrastructure Program
The Renewable Fuels Infrastructure Program provides cost-share grants to biodiesel and ethanol retail distributors for infrastructure improvements. IBB supports additional funding for the Renewable Fuel Infrastructure Program on the condition that biodiesel projects receive equitable consideration.
Other bills that IBB is monitoring:
| Bill Number |
Summary |
| HSB 112 |
Biodiesel retailer credit at $.02/gallon of B5 and $.04/gallon of B10. Adds producer subsidy of $.03/gallon in 2012-2013 and $.02/gallon in 2014. |
| HSB 113 |
Adjusts excise tax calculation for biodiesel to eliminate variability for temperature changes. Refunds excise taxes paid by nonterminal storage facilities for diesel used to blend with biodiesel. |
| SF 8 |
Relieves retailers of liability for damaged caused by consumers using incompatible fuel in their engines. |
| SF 164 |
Biodiesel fuel quality standard which requires all gallons sold in the state to contain at least 5% biodiesel. |
| SSB 1146 |
Adjusts excise tax calculation for biodiesel to eliminate variability for temperature changes. Refunds excise taxes paid by nonterminal storage facilities for diesel used to blend with biodiesel. |
| SSB 1148 |
Biodiesel retailer credit at $.02/gallon of B5 and $.04/gallon of B10. Adds producer subsidy of $.03/gallon in 2012-2013 and $.02/gallon in 2014. |
IBB Public Policy Reports
