Iowa Conditions Certain Tax Credits on Timely Reporting by Retail Dealers

The Iowa Governor signed a law amending the code to require retail dealers of gasoline and diesel fuel to file timely reports on total gallons of fuel sold to remain eligible for certain tax credits. The law allows a civil penalty of up to $100 per occurrence for failure to file or maintain records. The law takes effect July 1. [H.F. 2643, enacted 04/16/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.