Iowa governor signs into law tax cut for E15 at the pump

In Iowa, Gov. Reynolds signed Senate File 2403, legislation that will lower the cost of E-15 and higher blends of renewable fuels in Iowa by changing how the state taxes higher-blend biofuels. The governor signed the bill during her weekly press conference at Pine Lake Corn Processors in Steamboat Rock.

“Iowa continues to lead on innovative ways to drive demand for biofuels,” said Gov. Reynolds. “This legislation makes higher blend biofuels even cheaper at the pump while driving demand for homegrown renewable fuel.”

The governor also announced an additional $7 million in funding, through the federal CARES act, for the Renewable Fuels Infrastructure Program. This state program offers cost-share dollars to fuel retailers who install or convert their equipment to allow the expanded use of renewable fuels in Iowa.