Iowa § 452A.85 Tax payment for stored motor fuel, ethanol blended gasoline, special fuel, compressed natural gas, liquefied natural gas, liquefied petroleum gas, and hydrogen

Iowa Statutes

§ 452A.85 — Tax payment for stored motor fuel, ethanol blended gasoline, special fuel, compressed natural gas, liquefied natural gas, liquefied petroleum gas, and hydrogen

Iowa § 452A.85

Title XFINANCIAL RESOURCES

Ch. 452AMOTOR FUEL, SPECIAL FUEL, AND ELECTRIC FUEL TAXES

This text of Iowa § 452A.85 (Tax payment for stored motor fuel, ethanol blended gasoline, special fuel, compressed natural gas, liquefied natural gas, liquefied petroleum gas, and hydrogen) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 452A.85 (2026).

Text

compressed natural gas, liquefied natural gas, liquefied petroleum gas, and hydrogen.

1.Persons having title to motor fuel, ethanol blended gasoline, undyed special fuel, compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen in storage and held for sale on the effective date of an increase in the excise tax rate imposed on motor fuel, ethanol blended gasoline, undyed special fuel, compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen under this chapter shall be subject to an inventory tax based upon the gallonage in storage as of the close of the business day preceding the effective date of the increased excise tax rate of motor fuel, ethanol blended gasoline, undyed special fuel, compressed natural gas, liquefied natural gas, li

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compressed natural gas, liquefied natural gas, liquefied petroleum gas, and hydrogen.
1. Persons having title to motor fuel, ethanol blended gasoline, undyed special fuel,
compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen in
storage and held for sale on the effective date of an increase in the excise tax rate imposed on
motor fuel, ethanol blended gasoline, undyed special fuel, compressed natural gas, liquefied
natural gas, liquefied petroleum gas, or hydrogen under this chapter shall be subject to
an inventory tax based upon the gallonage in storage as of the close of the business day
preceding the effective date of the increased excise tax rate of motor fuel, ethanol blended
gasoline, undyed special fuel, compressed natural gas, liquefied natural gas, liquefied
petroleum gas, or hydrogen which will be subject to the increased excise tax rate.
2. Persons subject to the tax imposed under this section shall take an inventory to
43 MOTOR FUEL, SPECIAL FUEL, AND ELECTRIC FUEL TAXES, §452A.86
determine the gallonage in storage for purposes of determining the tax and shall report
the gallonage and pay the tax due within thirty days of the prescribed inventory date.
The department of revenue shall adopt rules pursuant to chapter 17A as are necessary to
administer this section.
3. The amount of the inventory tax is equal to the inventory tax rate times the gallonage
in storage as determined under subsection 1. The inventory tax rate is equal to the difference
of the increased excise tax rate less the previous excise tax rate.
4. This section does not apply to an increase in the tax rate of a specified fuel, except for
compressed natural gas, unless the increase in the tax rate of that fuel is in excess of one-half
cent per gallon.