House Study Bill 663 - Introduced HOUSE FILE _____ BY (PROPOSED COMMITTEE ON TRANSPORTATION BILL BY CHAIRPERSON BYRNES) A BILL FOR An Act relating to the taxation of fuel used in motor vehicles, 1 and including effective date provisions. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5671YC (2) 85 dea/sc

H.F. _____ Section 1. Section 452A.3, subsection 1, unnumbered 1 paragraph 1, Code 2014, is amended to read as follows: 2 Except as otherwise provided in this section and in this 3 division , until June 30, 2014 2015 , this subsection shall apply 4 to the excise tax imposed on each gallon of motor fuel used for 5 any purpose for the privilege of operating motor vehicles in 6 this state. 7 Sec. 2. Section 452A.3, subsection 1A, Code 2014, is amended 8 to read as follows: 9 1A. Except as otherwise provided in this section and in this 10 division , after June 30, 2014 2015 , an excise tax of twenty 11 cents is imposed on each gallon of motor fuel used for any 12 purpose for the privilege of operating motor vehicles in this 13 state. 14 Sec. 3. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 15 immediate importance, takes effect upon enactment. 16 EXPLANATION 17 The inclusion of this explanation does not constitute agreement with 18 the explanation’s substance by the members of the general assembly. 19 Currently, the rate of the excise tax on ethanol blended 20 gasoline and motor fuel other than ethanol blended gasoline is 21 based on the distribution percentage of each of those motor 22 fuels. The distribution percentage formula is due to expire 23 on June 30, 2014, and after that date, the rate of the excise 24 tax for all motor fuel used in motor vehicles will be 20 cents 25 per gallon. This bill extends the expiration date of the 26 distribution formula to June 30, 2015. 27 The bill takes effect upon enactment. 28 -1- LSB 5671YC (2) 85 dea/sc 1/ 1