Gov. Reynolds signed legislation into law to lower taxes on renewable fuels

This content provided by the Office of the Governor of Iowa, Kim Reynolds as a press release.

Gov. Reynolds signed legislation into law to lower taxes on renewable fuels

kris.walker
Tue, 06/30/2020 – 15:00

Reynolds also announces CARES funding support for biofuels

Today, Gov. Reynolds signed Senate File 2403, legislation that will lower the cost of E-15 and higher blends of renewable fuels in Iowa by changing how the state taxes higher-blend biofuels. The governor signed the bill during her weekly press conference at Pine Lake Corn Processors in Steamboat Rock.

“Iowa continues to lead on innovative ways to drive demand for biofuels,” said Gov. Reynolds. “This legislation makes higher blend biofuels even cheaper at the pump while driving demand for homegrown renewable fuel.”

Watch the bill signing ceremony on Facebook. The governor also announced an additional $7 million in funding, through the federal CARES act, for the Renewable Fuels Infrastructure Program. This state program offers cost-share dollars to fuel retailers who install or convert their equipment to allow the expanded use of renewable fuels in Iowa. 

“I sincerely appreciate everyone who joined us today at Pine Lake Corn Processors, as well as U.S. Senators Chuck Grassley and Joni Ernst, for continuing to champion policies that help our farmers and Iowa’s biofuels industry,” Gov. Reynolds continued. 

Yesterday, Governor Reynolds joined a bipartisan group of governors from Minnesota, South Dakota and Nebraska, calling on EPA Administrator Wheeler to reject the excessive number of retroactive small refinery exemptions to the federal Renewable Fuel Standard. The law exists for a reason and we need the EPA to stand by it.  Read that letter here

This content provided by the Office of the Governor of Iowa, Kim Reynolds as a press release.

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As Iowa’s 43rd Governor, Kim Reynolds is determined to make sure that Iowa’s success is every Iowan’s success. Whether it’s preparing Iowans for cutting-edge careers, fighting for education, improving healthcare and mental health access, or empowering our rural communities, Kim’s priorities are making a difference in all four corners of the state. Her vision keeps Iowans at the center of all decisions, especially in the area of fiscal responsibility. Kim knows that when Iowa taxpayers are able to keep more of their money, great things happen. She also believes in redemption. Kim’s justice reform initiatives carefully balance second chances with victim rights. As Governor, Kim’s strong voice for international trade, agriculture, and advanced manufacturing is opening new markets and maintaining relationships with leaders in China, Mexico, Canada, Israel, Thailand, Vietnam, the Philippines, Germany, Brazil and Argentina, to name just a few. Although she’s traveled the world telling Iowa’s story, Kim is still a small-town girl at heart with common-sense values. These principles are reflected in the Governor’s Empower Rural Iowa initiative and Future Ready Iowa. At age 57, Kim earned a bachelor’s degree from Iowa State University. Then, nearly two years later, on Nov. 4, 2018, she was elected by Iowans to become their first woman Governor. Family means everything to Kim and her husband, Kevin. They have three daughters (Jennifer, Nicole and Jessica) who are happily married, and Kim and Kevin love spending time with their 10 very active grandchildren.