A bill for an act relating to the excise tax on certain ethanol blended gasoline purchased exclusively for use in an implement used in agricultural production.

This bill exempts ethanol-blended gasoline containing over 85% ethanol from Iowa's excise tax when purchased exclusively for use in farm equipment. It directly affects Iowa farmers and agricultural businesses that use such fuel in machinery for farming operations. The key provision removes the tax at the point of purchase (at terminals or refineries) for qualifying fuel, eliminating the need to pay the tax and seek a refund under current law. This change applies specifically to gasoline meeting the 85% ethanol threshold used solely in agricultural implements, streamlining the tax process for this sector.