As the Iowa Legislature wrapped up the 2015 legislative session last week, the Iowa Renewable Fuels Association (IRFA) praised several key pieces of legislation that were passed to expand use of higher ethanol and biodiesel blends.
Before the gavel went down on the 86th General Assembly, Iowa lawmakers passed key legislation that allows E15 infrastructure investments to become eligible for Iowa Renewable Fuels Infrastructure grants. Previously, the funds were only available for blender pumps and dispensers offering E85. Additionally, the Iowa legislature passed a bill that will establish a new grant program for fuel retailers to replace old underground storage tank (UST) equipment with new components that are UL listed to be fully compatible with E85.
“After a long, spirited session, we sincerely thank the Iowa Legislature for remaining committed to increasing the use and availability of higher ethanol and biodiesel blends,” stated IRFA Policy Director Grant Menke. “With an uphill climb for renewable fuels ahead in terms of federal policy, forward-thinking state initiatives are a must to continue to build upon the successes of Iowa’s nation-leading renewable fuels industry.”
Earlier in the session, the Iowa Legislature included a 3-cent per gallon differential tax rate for B11 and higher biodiesel blends in its road infrastructure legislation. Iowa RFA says this provision, which takes effect for five years on July 1, will help encourage the increased use and availability of higher biodiesel blends.