Iowa bill puts biofuel blending at risk by changing tax credit program

In Iowa, a proposed amendment to HSB 187 seeks to cap the biofuel tax credit scheme by issuing credits only after annual sales figures for fuel retailers were calculated, at which point the per gallon figure for the tax credit would be determined. Petroleum marketers are concerned that the policy shift, after the tax credit program as already reviewed and updated last year, would introduce too much insecurity in the market and end up with less biofuel blended rather than more.

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