TAX CREDIT: Governor To Sign Biofuels Bill

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Governor Branstad says he will sign a new biofuels bill into law next week.

The bill extends the state’s biodiesel production tax credit that was set to expire at the end of the year. It also enhances the state’s E-15 retailer tax credit to help alleviate extra costs during the summer season.

The bill also updates Iowa code to add biobutanol as a renewable fuel option.

The bill signing will be held at a Coon Rapids ethanol facility.

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