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Event Calendar

World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels Association

National Biodiesel Conference & Expo 2006
February 5-8, 200
San Diego, California
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
Milwaukee, Wisconsin, USA

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Posted on  

May 8, 2001

Iowa Gov. Signs Ethanol Law

Gov. Tom Vilsack signed into law new incentives Monday for retailers to sell ethanol, a move backers said would boost the state's farm economy and environment.

The ethanol measure is designed to bolster the fuel's market share in the state, which is currently at 54 percent.

The measure calls for an income tax credit for retailers who increase their sales of ethanol to 60 percent of their total sales. The credit would amount to 2 cents per gallon for each gallon sold over that 60 percent threshold.

The measure includes a provision to stabilize highway funding. The tax on ethanol and regular gasoline goes into a fund that finances highway construction and repairs.

Since ethanol is taxed less than gasoline, increasing its use would drain money from that fund. The measure signed Monday would gradually increase the gasoline tax as ethanol's market share increases.



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