Iowa Senate passes E15 tax credit extenders, IRFA applauds

In Iowa, the Iowa Renewable Fuels Association (IRFA) applauded the Iowa Legislature’s vote to pass Senate File 2344, a bill which helps preserve Iowa biodiesel jobs while expanding Iowa’s motorists’ access to cleaner-burning, more locally-produced E15. The legislation extends the state’s biodiesel production tax credit, which is set to expire at the end of 2014, and enhances Iowa’s E15 retailer tax credit to help alleviate extra costs to Iowa retailers who want to offer E15 as a registered fuel during the summer driving season. The bill also updates Iowa Code to define biobutanol as a renewable fuel option for Iowans.

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