Amend Senate File 531 as follows:
   1.  Page 2, line 12, after<site-by-site basis> by inserting <in the same manner>
   2.  Page 3, by striking lines 17 through 19 and inserting: 
   <(b)  If the retail dealer’s biofuel threshold percentage disparity equals more than two percent but not more than four percent, the tax credit rate is as follows:
   (i)  For calendar year 2011, two and one-half cents.
   (ii)  For calendar year 2012 and for each subsequent calendar year, four cents.>
   3.  By striking page 4, line 34, through page 5, line 18, and inserting: 
   <Sec. ___.  ADMINISTRATIVE RULES.  The department of revenue may adopt emergency rules under section 17A.4, subsection 3, and section 17A.5, subsection 2, paragraph “b”, to implement the provisions of this division of this Act, and the rules shall be effective immediately upon filing unless a later date is specified in the rules. Any rules adopted in accordance with this section shall also be published as a notice of intended action as provided in section 17A.4.
   Sec. ___.  EFFECTIVE DATE.  This division of this Act, and the application of section 422.33, subsection 11A, due to this division of this Act, take effect upon enactment.
   Sec. ___.  RETROACTIVE APPLICABILITY.  This division of this Act applies retroactively to January 1, 2011, including section 422.11N, as amended in this division of this Act, and the application of section 422.33, subsection 11A, due to this division of this Act, to tax years beginning on and after January 1, 2011.>
   4.  Page 6, line 8, after<multiplying> by inserting <a designated rate of>
   5.  Page 9, lines 5 and 6, by striking<sections 452A.31 and 452A.33> and inserting <section 452A.31>
   6.  Page 12, line 26, by striking<sections 452A.31 and 452A.33> and inserting <section 452A.31>
   7.  Page 15, by striking lines 14 through 34 and inserting: 
   <Sec. ___.  ADMINISTRATIVE RULES.  The department of revenue may adopt emergency rules under section 17A.4, subsection 3, and section 17A.5, subsection 2, paragraph “b”, to implement the provisions of this division of this Act. Any rules adopted in accordance with this section shall also be published as a notice of intended action as provided in section 17A.4. The department’s rules shall not take effect earlier than July 1, 2011.
   Sec. ___.  EFFECTIVE DATES.
   1.  Except as provided in subsection 2, this division of this Act takes effect on July 1, 2011.
   2.  The section of this division of this Act authorizing the department of revenue to adopt rules takes effect upon enactment. 
   Sec. ___.  APPLICABILITY.
   1.  Except as provided in subsection 2, section 422.11Y, as enacted in this division of this Act, and section 422.33, subsection 11D, as enacted in this division of this Act and applied due to this division of this Act, apply to tax years beginning on and after January 1, 2012.
   2.  Section 422.11Y, as enacted in this division of this Act, and section 422.33, subsection 11D, as enacted in this division of this Act and applied due to this division of this Act, apply to that part of a retail dealer’s tax year or tax years occurring during that portion of the calendar year beginning on and after July 1, 2011, and ending on December 31, 2011. In that case, the retail dealer shall calculate the E-15 plus gasoline promotion tax in the same manner as a retail dealer calculating the tax credit on January 1, 2012.>
   8.  Page 16, line 1, after<INFRASTRUCTURE> by inserting <—— APPROPRIATION>
   9.  Page 17, after line 2 by inserting: 
   <Sec. ___.  Section 321.145, subsection 2, paragraph a, Code 2011, is amended to read as follows:
   a.  Four Moneys shall be deposited into and credited to the following funds:
   (1)  First, three million two five hundred fifty thousand dollars per quarter shall be deposited into and credited to the Iowa comprehensive petroleum underground storage tank fund created in section 455G.3, and the moneys so deposited are a continuing appropriation for expenditure under chapter 455G, and moneys so appropriated shall not be used for other purposes.
   (2)  Second, seven hundred fifty thousand dollars per quarter shall be deposited into and credited to the renewable fuel infrastructure fund created in section 15G.205, and the moneys so deposited are a continuing appropriation for expenditure under chapter 15G, subchapter II, and moneys so appropriated shall not be used for other purposes.>
   10.  Page 19, line 5, after<2011.> by inserting <The Code editor shall correct internal references as necessary, including references in section 321.145, subsection 2, paragraph “a”, as amended in this division of this Act.>
   11.  Title page, by striking lines 1 and 2 and inserting <An Act relating to motor fuels, including biofuels and renewable fuels dispensed by retail dealers, and by providing for tax credits and refunds, providing an appropriation, and including effective date and retroactive and other>
   12.  By renumbering as necessary.

______________________________
ROBERT M. HOGG