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On June 17, 2022, Governor Reynolds signed Senate File 2367 into law. Division II of the bill changes LOST and SAVE distributions from estimated payments to actual amounts collected each month. As a transition, the first two monthly payments of Fiscal Year 2023 (August and September 2022) will be based on estimates and the remaining ten monthly payments (October 2022 through July 2023) will be based on actual collections.

The Department previously submitted the following proposed rule to the Iowa Legislature (Excise Tax Rate on Motor Fuels). The following rule has been adopted and filed, effective August 3, 2022. See individual notice for details.

On June 28, 2022, the Director of the Iowa Department of Revenue issued Order 2022-02 granting a filing extension for short-year composite returns. The Department has updated guidance to explain this tax change as it relates to Iowa Composite Returns for Tax Year 2022 and Later.

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 Iowa Fuel Tax Deduction for Blended Fuel Sales.

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.

The Department has submitted a proposed rule to the Iowa Legislature (Excise Tax Rate on Motor Fuels), available for public comment through May 24, 2022. See individual notice for details.

The Department previously submitted a proposed rule (Hoover Presidential Library Tax Credit) that has been adopted and filed, effective May 11, 2022. See individual notice for details.