Senate File 2344 S-5108 Amend Senate File 2344 as follows: 1 1. Page 4, after line 26 by inserting: 2 < Sec. ___. Section 422.11Y, subsection 9, Code 3 2014, is amended to read as follows: 4 9. This section is repealed on January 1, 2018 5 2020 . 6 Sec. ___. Section 422.33, subsection 11D, paragraph 7 c, Code 2014, is amended to read as follows: 8 c. This subsection is repealed on January 1, 2018 9 2020 . 10 Sec. ___. 2011 Iowa Acts, chapter 113, section 37, 11 is amended to read as follows: 12 SEC. 37. TAX CREDIT AVAILABILITY. For a retail 13 dealer who may claim an E-15 plus gasoline promotion 14 tax credit under section 422.11Y or 422.33, subsection 15 11D , as enacted in this Act and amended in subsequent 16 Acts, in calendar year 2017 2019 , and whose tax year 17 ends prior to December 31, 2017 2019 , the retail 18 dealer may continue to claim the tax credit in the 19 retail dealer’s following tax year. In that case, the 20 tax credit shall be calculated in the same manner as 21 provided in section 422.11Y or 422.33, subsection 11D , 22 as enacted in this Act and amended in subsequent Acts, 23 for the remaining period beginning on the first day of 24 the retail dealer’s new tax year until December 31, 25 2017 2019 . For that remaining period, the tax credit 26 shall be calculated in the same manner as a retail 27 dealer whose tax year began on the previous January 1 28 and who is calculating the tax credit on December 31, 29 2017 2019 . > 30 2. Page 4, after line 33 by inserting: 31 < DIVISION ___ 32 E-85 GASOLINE PROMOTION TAX CREDIT 33 Sec. ___. Section 422.11O, subsection 8, Code 2014, 34 is amended to read as follows: 35 8. This section is repealed on January 1, 2018 36 2020 . 37 Sec. ___. Section 422.33, subsection 11B, paragraph 38 c, Code 2014, is amended to read as follows: 39 c. This subsection is repealed on January 1, 2018 40 2020 . 41 Sec. ___. 2006 Iowa Acts, chapter 1142, section 49, 42 subsection 3, as amended in 2011 Iowa Acts, chapter 43 113, section 20, is amended to read as follows: 44 3. For a retail dealer who may claim an E-85 45 gasoline promotion tax credit under section 422.11O 46 or 422.33, subsection 11B , as enacted in this Act and 47 amended in subsequent Acts, in calendar year 2017 2019 48 and whose tax year ends prior to December 31, 2017 49 2019 , the retail dealer may continue to claim the tax 50 -1- SF2344.3660 (4) 85 da/rj 1/ 2 #1. #2.

credit in the retail dealer’s following tax year. In 1 that case, the tax credit shall be calculated in the 2 same manner as provided in section 422.11O or 422.33, 3 subsection 11B , as enacted in this Act and amended in 4 subsequent Acts, for the remaining period beginning on 5 the first day of the retail dealer’s new tax year until 6 December 31, 2017 2019 . For that remaining period, the 7 tax credit shall be calculated in the same manner as 8 a retail dealer whose tax year began on the previous 9 January 1 and who is calculating the tax credit on 10 December 31, 2017 2019 . 11 DIVISION ___ 12 BIODIESEL BLENDED FUEL TAX CREDIT 13 Sec. ___. Section 422.11P, subsection 8, Code 2014, 14 is amended to read as follows: 15 8. This section is repealed January 1, 2018 2020 . 16 Sec. ___. Section 422.33, subsection 11C, paragraph 17 c, Code 2014, is amended to read as follows: 18 c. This subsection is repealed on January 1, 2018 19 2020 . 20 Sec. ___. 2011 Iowa Acts, chapter 113, section 31, 21 is amended to read as follows: 22 SEC. 31. TAX CREDIT AVAILABILITY. For a retail 23 dealer who may claim a biodiesel blended fuel promotion 24 tax credit under section 422.11P or 422.33, subsection 25 11C , as amended in this Act and amended in subsequent 26 Acts, in calendar year 2017 2019 , and whose tax year 27 ends prior to December 31, 2017 2019 , the retail 28 dealer may continue to claim the tax credit in the 29 retail dealer’s following tax year. In that case, the 30 tax credit shall be calculated in the same manner as 31 provided in section 422.11P or 422.33, subsection 11C , 32 as amended in this Act and amended in subsequent Acts, 33 for the remaining period beginning on the first day of 34 the retail dealer’s new tax year until December 31, 35 2017 2019 . For that remaining period, the tax credit 36 shall be calculated in the same manner as a retail 37 dealer whose tax year began on the previous January 1 38 and who is calculating the tax credit on December 31, 39 2017 2019 . > 40 3. Title page, line 4, after < provisions for > by 41 inserting < renewable fuel tax credits and > 42 4. By renumbering as necessary. 43 ______________________________ JAKE CHAPMAN -2- SF2344.3660 (4) 85 da/rj 2/ 2 #3. #4.