Area
United States of America
Commodity Group
Biofuels
Commodity
Biodiesel
Date
01/06/2020
Policy Category
Renewable energy
Policy Instrument
Bioenergy policies
Description
Approved a six-year extension of the state of Iowas Fuel Tax Differential, which lowers the tax burden for diesel blends containing at least 11 percent of soy oil-based biodiesel.
Notes
UNITED STATES OF AMERICA biofuel policy: In Iowa the United States leading producer of biodiesel legislators approved a six-year extension of the states Fuel Tax Differential that expired in June 2020. The differential reduces the taxes on the cost of diesel blends containing at least 11 percent of soy oil-based biodiesel by about 3 US cents per gallon. Reportedly, roughly half of the transportation fuel sold in Iowa consist of B11 blends or higher.
