Renewable Fuels Infrastructure Program
The program provides financial assistance to E85 retailers. Cost-share grants are available for up to 70% of the total cost of the project or $50,000, whichever is less, to retailers to upgrade or install new E85 infrastructure.
Applicants may also qualify for supplemental incentives for up to 75% of the cost of making the improvement or $30,000, whichever is less, to upgrade or replace an E85 fueling dispenser that has not been approved by an independent testing laboratory once an E85 fueling dispenser has been approved by an independent testing laboratory. The supplemental incentive is available only to applicants who made the improvement no later than 60 days after the date of the publication in the Iowa administrative bulletin of the state fire marshal’s order providing that a commercially available fueling dispenser is listed as compatible for use with E85 by an independent testing laboratory.
RENEWABLE FUEL INFRASTRUCTURE PROGRAM APPLICATION
Iowa Department of Economic Development, Business Development Division
Dick Vegors
Program Coordinator, Renewable Fuel Infrastructure Program
Phone (515) 725-3138
Fax (515) 725-3010
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
E85 Retailer Tax Credit
A tax credit is available to retail stations who dispensing E85 for use in motor vehicles in the amount of $0.20 per gallon for calendar years 2009 and 2010. The tax credit will then be decreased to $0.10 per gallon in calendar year 2011. After 2011, the tax credit decreases by $0.01 per year and expires after December 31, 2020. Taxpayers claiming the E85 tax credit may also claim the tax credit available for retail ethanol blends for the same tax year and same gallon of fuel. (Reference Iowa Code 422.11O)
Ethanol Retailer Tax Credit
The Ethanol Promotion Tax Credit provides a $0.065 tax credit to any retailer who meets the Iowa renewable fuel standard (RFS) schedule each year. For retailers within 2% and 4% of meeting the RFS schedule, the tax credit will be $0.045 and $0.025, respectively, for every gallon of ethanol sold. (Reference Iowa Code 422.11N and 422.33)
