Bill Text: IA SF2340 | 2011-2012 | 84th General Assembly | Introduced
Bill Title: A bill for an act extending the period for determining the rates of the motor fuel tax based on calculating the distribution of ethanol blended gasoline and other motor fuel, and including effective date provisions.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-04-26 - Fiscal note. SCS. [SF2340 Detail]
Download: Iowa-2011-SF2340-Introduced.html
Senate
File
2340
-
Introduced
SENATE
FILE
2340
BY
GRONSTAL
(COMPANION
TO
LSB
6117HH
BY
UPMEYER)
A
BILL
FOR
An
Act
extending
the
period
for
determining
the
rates
of
the
1
motor
fuel
tax
based
on
calculating
the
distribution
of
2
ethanol
blended
gasoline
and
other
motor
fuel,
and
including
3
effective
date
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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6117SS
(1)
84
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S.F.
2340
Section
1.
Section
452A.3,
subsection
1,
unnumbered
1
paragraph
1,
Code
2011,
is
amended
to
read
as
follows:
2
Except
as
otherwise
provided
in
this
section
and
in
this
3
division
,
until
June
30,
2012
2013
,
this
subsection
shall
apply
4
to
the
excise
tax
imposed
on
each
gallon
of
motor
fuel
used
for
5
any
purpose
for
the
privilege
of
operating
motor
vehicles
in
6
this
state.
7
Sec.
2.
Section
452A.3,
subsection
1A,
Code
2011,
is
amended
8
to
read
as
follows:
9
1A.
Except
as
otherwise
provided
in
this
section
and
in
this
10
division
,
after
June
30,
2012
2013
,
an
excise
tax
of
twenty
11
cents
is
imposed
on
each
gallon
of
motor
fuel
used
for
any
12
purpose
for
the
privilege
of
operating
motor
vehicles
in
this
13
state.
14
Sec.
3.
EFFECTIVE
UPON
ENACTMENT.
This
Act,
being
deemed
of
15
immediate
importance,
takes
effect
upon
enactment.
16
EXPLANATION
17
Currently,
an
excise
tax
is
imposed
on
each
gallon
of
motor
18
fuel
(generally
gasoline)
sold
in
the
state
(Code
section
19
452A.3).
The
general
tax
rate
is
20
cents
per
gallon,
but
20
subject
to
adjustment
each
12-month
period,
based
on
a
formula
21
which
produces
a
paired
rate
system
for
ethanol
blended
22
gasoline
and
other
motor
fuel.
The
paired
rate
system
is
23
eliminated
on
July
1,
2012.
After
that
date,
the
tax
rate
is
24
uniformly
imposed
at
20
cents
for
each
gallon
of
motor
fuel.
25
This
bill
extends
the
paired
rate
system
for
another
year
26
(until
July
1,
2013).
The
bill
takes
effect
upon
enactment.
27
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