WASHINGTON, D.C. – Growth Energy, the nation’s largest ethanol association, today welcomed enactment of legislation extending and modernizing Iowa tax incentives for higher biofuel blends. Signed today by Governor Kim Reynolds, the new law reduces the per-gallon excise tax on E15 and higher ethanol blends and B11 and higher biodiesel blends through 2026.

“The tax update offers a welcome source of market certainty for Iowa biofuel producers and our farm suppliers, who have faced unprecedented economic challenges in the wake of COVID-19,” said Emily Skor, CEO of Growth Energy. “We applaud Iowa lawmakers for crafting bipartisan legislation that can serve as an example for lawmakers nationwide seeking to support rural communities, save motorists money at the pump, and promote low-carbon fuels that keep our air clean. Smart tax policies like these are a proven strategy for accelerating infrastructure investments, creating rural jobs, and expanding consumer access to E15 and other higher biofuel blends.”

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I’m proud to stand up for our farmers and producers as a @GrowthEnergy Biofuels Champion. Our biofuels provide good-paying jobs and the clean energy that keeps America running — when they’re strong, Iowa is strong. #IA01 https://t.co/96cepXXW0T

via @RepFinkenauer

Representative @daveloebsack took time to advocate for biofuels in the House Committee for Energy and Commerce yesterday. We need oversight like this to ensure gap-filings from the oil industry don't become another source of harm for our producers. Thank you, Congressman! https://t.co/JRDYxzgq67

via @GrowthEnergy

One of the biofuel industry's greatest allies in Congress over the last two years has been @RepFinkenauer, and Growth Energy CEO @EmilySkor sat down with her recently as part of our Biofuels Champions Series. Keep up the good work, Congresswoman! youtu.be/7La8pHuKyVc

via @GrowthEnergy

I spoke with @GrowthEnergy about the need for everyone to understand just how important renewable fuels are for Iowa's farmers and our nation. WATCH: https://t.co/Ik7Eu4Iry0

via @SenJoniErnst