Trade and markets
 

Detail

Area
United States of America
Commodity Group
Biofuels
Commodity
Biodiesel
Date
01/02/2015
Policy Category
Renewable energy
Policy Instrument
Biodiesel policy
Description
Granted, in Iowa State, a tax break on sales of fuel blends containing at least 11 .percent of soy-based biodiesel, with a view to spur local biodiesel usage.
Notes
In the State of Iowa, a new law raises taxes on diesel sales by USD 0.10 per gallon, but also provides for a USD 0.03 per gallon break for fuel blends containing at least 11 percent of soy-based biodiesel. The local biodiesel industry has welcomed the measure, saying that it will spur usage of biodiesel in the state. At federal level, the tax credit for biodiesel in place since 2004 was allowed to expire at the end of 2014 (see MPPU Jan.’15).