Text: HSB00725 Text: HSB00727 Text: HSB00700 - HSB00799 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 214A.2, subsection 3, Code Supplement 1 2 2003, is amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. c. Gasoline with a mixture of at least 1 4 eighty-five percent ethanol shall be known as E-85 blended 1 5 gasoline. However, during the period beginning on November 1 1 6 and ending on March 31, gasoline with a mixture of at least 1 7 seventy percent ethanol shall also be known as E-85 blended 1 8 gasoline. 1 9 Sec. 2. Section 452A.2, Code Supplement 2003, is amended 1 10 by adding the following new subsection: 1 11 NEW SUBSECTION. 9A. "E-85 blended gasoline" means 1 12 gasoline with a mixture of ethanol according to specifications 1 13 provided in section 214A.2. 1 14 Sec. 3. Section 452A.3, subsection 1A, Code 2003, is 1 15 amended to read as follows: 1 16 1A. Except as otherwise provided in this section and in 1 17 this division,after June 30,all of the following shall 1 18 apply: 1 19 a. For the period beginning on July 1, 2007, and ending on 1 20 June 30, 2008, an excise tax of twenty and one-tenth cents is 1 21 imposed on each gallon of motor fuel used for any purpose for 1 22 the privilege of operating motor vehicles in this state. 1 23 However, for that same period, an excise tax of twenty cents 1 24 is imposed on each gallon of ethanol blended gasoline used for 1 25 any purpose for the privilege of operating motor vehicles in 1 26 this state. 1 27 b. On and after July 1, 2008, an excise tax of twenty 1 28 cents is imposed on each gallon of motor fuel used for any 1 29 purpose for the privilege of operating motor vehicles in this 1 30 state. 1 31 Sec. 4. Section 452A.3, Code 2003, is amended by adding 1 32 the following new subsection: 1 33 NEW SUBSECTION. 1B. An excise tax is imposed on each 1 34 gallon of E-85 blended gasoline as follows: 1 35 a. For the period beginning July 1, 2004, and ending June 2 1 30, 2008, the excise tax shall be nine cents. 2 2 b. For the period beginning July 1, 2008, and ending June 2 3 30, 2009, the excise tax shall be ten and one-half cents. 2 4 c. For the period beginning July 1, 2009, and ending June 2 5 30, 2010, the excise tax shall be twelve cents. 2 6 d. For the period beginning July 1, 2010, and ending June 2 7 30, 2011, the excise tax shall be thirteen and one-half cents. 2 8 e. For the period beginning July 1, 2011, and ending June 2 9 30, 2012, the excise tax shall be fifteen cents. 2 10 f. For the period beginning July 1, 2012, and ending June 2 11 30, 2013, the excise tax shall be sixteen and one-half cents. 2 12 g. For the period beginning July 1, 2013, and ending June 2 13 30, 2014, the excise tax shall be eighteen cents. 2 14 h. For the period beginning July 1, 2014, and ending June 2 15 30, 2015, the excise tax shall be nineteen and one-half cents. 2 16 i. For the period beginning July 1, 2015, and ending June 2 17 30, 2016, the excise tax shall be twenty cents. 2 18 EXPLANATION 2 19 This bill amends provisions relating to gasoline containing 2 20 a high mixture of grain alcohol, commonly referred to as "E- 2 21 85". The bill amends Code section 214A.2, which authorizes 2 22 the department of agriculture and land stewardship to 2 23 establish standards for gasoline. It provides that gasoline 2 24 with at least 85 percent alcohol may be classified as E-85 2 25 blended gasoline with one exception. During the months of 2 26 November through March, such gasoline may have 70 percent or 2 27 more alcohol. 2 28 The bill also amends current provisions in Code section 2 29 452A.3 that impose an excise tax on motor fuel sold in the 2 30 state. The general rate is 20 cents per gallon, but there are 2 31 a number of exceptions, including an exception for ethanol 2 32 blended gasoline (gasoline containing at least 10 percent 2 33 alcohol). Until June 30, 2007, the rates for gasoline that is 2 34 blended with ethanol are adjusted each year based on the 2 35 number of gallons of ethanol blended gasoline that are 3 1 distributed in this state as expressed as a percentage of the 3 2 total number of gallons of gasoline distributed in this state. 3 3 On and after July 1, 2007, the rate for unblended gasoline and 3 4 ethanol blended gasoline is 20 cents. 3 5 The bill creates another schedule for excise taxes on 3 6 gasoline and E-85 ethanol blended gasoline. For the period 3 7 beginning July 1, 2007, and ending on June 30, 2008, the 3 8 excise tax is increased to 20 and one-tenth cents for 3 9 unblended gasoline and thereafter reverts to its 20 cent 3 10 level. However, the bill creates a special schedule for E-85 3 11 blended gasoline. For the first four years beginning on July 3 12 1, 2004, the excise tax is 9 cents. Each year beginning July 3 13 1, 2008, the excise tax increases by one and one-half cents 3 14 until July 1, 2015. On and after that date the rate for E-85 3 15 blended gasoline also equals 20 cents. 3 16 LSB 6898HC 80 3 17 da/sh/8.2
Text: HSB00725 Text: HSB00727 Text: HSB00700 - HSB00799 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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