IDR Announces: Iowa Fuel Tax Deduction for Blended Fuel Sales
June 24, 2022
Following Governor Reynolds signature of House File 2128 on May 17, 2022, the Iowa Department of Revenue has released new guidance to explain this tax change, effective July 1, 2022, as it relates to the following:
IDR Announces Sales & Use Tax Permit, Return Filing, and Payment Changes
June 17, 2022
Following Governor Reynolds’s signature of Senate File 2367, the Iowa Department of Revenue has released updated guidance as it relates to Sales and Use Tax Permit, Return Filing, and Payment Changes. Changes to sales and use tax permit registration, return filing, and tax payment take effect July 1, 2022. These changes include (click for more)
Prior to July 1, 2020, the Iowa Department of Revenue used gallon totals from the Iowa Fuel Tax Monthly Report to determine tax rates for motor fuel and special fuel . Beginning July 1, 2020, the Department started using gallon totals from the Iowa Retailers Fuel Gallons Annual Report, resulting in tax rate changes to select fuel types.
Based on the data for the determination period beginning January 1, 2021, and ending December 31, 2021, the Biodiesel B-11 or Higher distribution percentage increased from 61.49% to 57.75% and now falls into a different fuel tax rate category. The fuel tax rate for Biodiesel B-11 or Higher will decrease from $0.304 to $0.301 effective July 1, 2022.