5/31/06-Gov. Tim Vilsack signed a bill into law May 30 that is intended to make 25 percent of all fuel sold in the state either ethanol or biodiesel blends by 2020.
The new law, previously HF2754, allows for spending $6 million over three years to help retailers install pumps and tanks to handle renewable fuels and create various tax credits for retailers who sell the fuels.
It also gets rid of the current tax break for 10 percent ethanol and replace it with three new tax credits: a 5-cent credit to the retailer for each gallon of pure ethanol sold; a 25-cent credit for each gallon of E85 blended ethanol; and a 3-cent credit for each gallon of biodiesel sold.

4/14/06-The Legislature has approved a bill that is intended to make 25 percent of all fuel sold in the state either ethanol or biodiesel blends by 2020.
Senators voted April 11 to advance the bill. The House gave final approval before sending it to Gov. Tom Vilsack’s desk for his signature.
HF2754 would the bill would allow for spending $6 million over three years to help retailers install pumps and tanks to handle renewable fuels and would create various tax credits for retailers who sell the fuels.
It also would get rid of the current tax break for 10 percent ethanol and replace it with three new tax credits: a 5-cent credit to the retailer for each gallon of pure ethanol sold; a 25-cent credit for each gallon of E85 blended ethanol; and a 3-cent credit for each gallon of biodiesel sold.
For bill status, call (515) 281-5129.

3/28/06-The House voted 92-7 to approve a bill Tuesday, March 28, that is intended to make 25 percent of all fuel sold in the state either ethanol or biodiesel blends by 2025.
HF2754 would get rid of the current tax break for 10 percent ethanol and replace it with three new tax credits: a 5-cent credit to the retailer for each gallon of pure ethanol sold; a 25-cent credit for each gallon of E85 blended ethanol; and a 3-cent credit for each gallon of biodiesel sold.
The bill has been sent to the Senate for further consideration. For bill status, call (515) 281-5129.