Iowa Code 452A.21 – Refund — credit
Current as of: 2024 | Check for updates
|
Other versions
1. Persons not licensed under this subchapter who blend motor fuel and alcohol to produce ethanol blended gasoline may file for a refund for the difference between taxes paid on the motor fuel purchased to produce ethanol blended gasoline and the tax due on the ethanol blended gasoline blended. If, during any month, a person licensed under this subchapter uses tax paid motor fuel to blend ethanol blended gasoline and the refund otherwise due under this section is greater than the licensee‘s total tax liability for that month, the licensee is entitled to a credit. The claim for credit shall be filed as part of the return required by section 452A.8.
Terms Used In Iowa Code 452A.21
- Blender: means a person who owns and blends ethanol with gasoline to produce ethanol blended gasoline and blends the product at a nonterminal location. See Iowa Code 452A.2
- Department: means the department of revenue. See Iowa Code 452A.2
- Ethanol: means the same as defined in section 214A. See Iowa Code 452A.2
- Ethanol blended gasoline: means the same as defined in section 214A. See Iowa Code 452A.2
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Gasoline: means the same as defined in section 214A. See Iowa Code 452A.2
- Licensee: means a person holding an uncanceled supplier's, restrictive supplier's, importer's, exporter's, dealer's, user's, or blender's license issued by the department under this subchapter or any prior motor fuel tax law or any other person who possesses fuel for which the tax has not been paid. See Iowa Code 452A.2
- month: means a calendar month, and the word "year" and the abbreviation "A. See Iowa Code 4.1
- Motor fuel: means motor fuel as defined in section 214A. See Iowa Code 452A.2
- Person: means any individual, firm, association, partnership, joint stock company, joint adventure, corporation, trustee, agency, or receiver, or any legal representative of any of the foregoing. See Iowa Code 453A.42
2. In order to obtain the refund established by this section, the person shall do all of the following:
a. Obtain a blender‘s permit as provided in section 452A.18.
b. File a refund claim containing the information as required by the department and certified by the claimant under penalty for false certificate.
c. Retain invoices meeting the requirements of section 452A.17, subsection 1, paragraph “b”, subparagraph (3), for the motor fuel purchased.
d. Retain invoices for the purchase of alcohol.
3. A refund shall not be issued unless the claim is filed within three years following the end of the month during which the ethanol blended gasoline was actually blended. An income tax credit is not allowed under this section.