Senate approves renewable fuel tax credit - KWWL - Eastern Iowa Breaking News, Weather, Closings

Senate approves renewable fuel tax credit

Posted: Updated:
DES MOINES (KWWL) -

A bill to extend tax credits for renewable fuels has won the support of the Iowa Senate.

The Senate unanimously approved the measure 48-0 Tuesday. It now goes to the House.

The bill would extend all renewable fuel tax credits in the state until Jan. 1, 2020. It would also increase the tax credit for E15, a fuel with 15 percent corn-based ethanol.

This tax credit would go up in the summer from 3 cents per gallon to 10 cents per gallon.

The legislation also adds biobutanol, an advanced biofuel, to the definition of renewable fuels.

Sen. Robert Hogg, a Cedar Rapids Democrat, says the bill would maintain Iowa as a leader in renewable fuels and help the state meet its obligation to the environment.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KWWL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Sandy Youngblut at 319-291-1259. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.