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Ethanol-Based Fuels Excise Tax Exemption
| Eligible Technologies: | Alternative Fuels |
| Applicable Sectors: | Transportation |
| Amount: | varies |
| Expiration Date: | varies |
| Legislative Code: | Iowa Code 452A.3 |
| Summary: | This statute effectively taxes ethanol-blended gasoline at $0.19/gallon and E85 at $0.17/gallon while non-ethanol blended gasoline is taxed at $0.207/gallon. The non-ethanol blended gasoline tax rate may be adjusted annually, depending on the amount of ethanol-blended fuel sold in the preceding calendar year. The E85 tax rate of $0.17/gallon begins on January 1, 2006 and reverts to $0.19/gallon when total annual E85 sales exceed approximately 700,000 gallons. Blenders of conventional motor fuel with ethanol may file for a refund for the difference between excise taxes paid on the motor fuel purchased to produce ethanol-blended gasoline and the excise tax due on the ethanol-blended gasoline. |
DNR Contact
Tami Foster
(515) 281-6558
Tami.Foster@dnr.state.ia.us
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E85 Infrastructure Installation Grant
| Eligible Technologies: | E85 (85 percent ethanol; 15 percent gasoline) |
| Applicable Sectors: | Transportation |
| Amount: | varies |
| Expiration Date: | June 30, 2008 |
| Legislative Code: | Iowa Code 15.401 (2005 HF868) |
| Summary: | This statute appropriates funds to the Department of Economic Development (DED) to provide a cost-share program for the installation or conversion of infrastructure used by service stations to sell and dispense E85 blended gasoline. It directs DED to provide for at least thirty new or converted E85 retail stations. |
DNR Contact
Tami Foster
(515) 281-6558
Tami.Foster@dnr.state.ia.us
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Biodiesel Terminal Infrastructure Installation Grant
| Eligible Technologies: | Biodiesel |
| Applicable Sectors: | Transportation |
| Amount: | Varies |
| Max. Limit: | June 30, 2008 |
| Terms: | |
| Website: | |
| Legislative Code: | Iowa Code 15.401 (2005 HF868) |
| Summary: | This statute appropriates funds to the Department of Economic Development (DED) to provide a cost-share program for the installation of infrastructure required to establish on-site and off-site terminal facilities that store biodiesel for distribution to service stations. It directs DED to provide for at least four new or converted biodiesel terminal facilities. |
DNR Contact
Tami Foster
(515) 281-6558
Tami.Foster@dnr.state.ia.us
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Tax Credit for High Sales of Ethanol Blended Gasoline
| Eligible Technologies: | Alternative Fuels |
| Applicable Sectors: | Transportation |
| Amount: | varies |
| Expiration Date: | 6/30/2007 |
| Legislative Code: | Iowa Code 422.11C |
| Summary: | This gives a tax credit to retail service stations at which more than 60% of the total gallons of gasoline sold and dispensed through one or more metered pumps is ethanol-blended for tax years beginning on or after January 1, 2002. The amount of the tax credit for each eligible service station is two and one-half cents multiplied by the total number of gallons of ethanol blended gasoline sold and dispensed through all metered pumps located at that service station during the tax year in excess of sixty percent of all gasoline sold and dispensed through metered pumps at that service station during the tax year. |
DNR Contact:
Brian Crowe
(515) 281-8518
Brian.Crowe@dnr.state.ia.us
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Value-Added Agricultural Products and Processes Financial Assistance Program (VAAPFAP) - Iowa Renewable Fuel Fund
| Incentive Type: | State Loan Program |
| Eligible Technologies: | Biomass, Alternative Fuels |
| Applicable Sectors: | Commercial, Industrial |
| Amount: | Combination of forgivable and traditional loans |
| Max. Limit: | $525,000 |
| Website: | http://www.iowasmart.com/services/entrepreneurial/vaapfap.html |
| Summary: | The program offers a combination of forgivable and traditional loans, with the interest rate typically the prime rate. Research and development projects are not eligible for this program. |
Contact:
Joe Jones
Iowa Department of Economic Development - Bureau of Business Finance
Phone: (515) 242-4801
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Rural Economic Value-Added Mentoring Program (REVAMP)
| Eligible Technologies: | Biomass, Alternative Fuels |
| Applicable Sectors: | Commercial, Industrial |
| Max. Limit: | $10,000 |
| Website: | http://www.agriculture.state.ia.us/revrev.html |
| Summary: | REVAMP pays qualified consultants to work with innovative value-added businesses that want to start or expand in Iowa to develop or refine a business plan. Once the plan is completed, the applicant may apply for funding through VAAPFAP. |
Contact:
Pat Paustian, Coordinator
Iowa Department of Agriculture and Land Stewardship
Phone: (515) 281-6936
Pat.Paustian@idals.state.ia.us
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