Fuel Tax Legislation Signed By Governor Branstad
Transportation infrastructure is essential for corn growers and Iowa’s economy. Because Iowa’s roads and bridges are in desperate need of repair, today Governor Branstad signed SF 257 into law, which will provide the necessary funding for the growing maintenance demands. The legislation increases the state fuel tax by 10 cents, directing more than $200 million into Iowa’s Road Use Tax Fund (RUTF), a constitutionally protected mechanism to support transportation infrastructure projects.
“Farmers and agribusiness rely on Iowa’s roads and bridges, and the longevity of our infrastructure relies on us,” says Jerry Mohr, a farmer from Eldridge and current ICGA President. “We thank Governor Branstad and the Iowa Legislature for passage of this important bill for Iowa’s future.”
The bill passed both the Iowa House and the Iowa Senate on Tuesday, and Governor Branstad signed the bill into law this morning. SF 257 increases the current state fuel tax by 10 cents, effective March 1, while maintaining a differential incentive for ethanol and adding an incentive for biodiesel blends of fuel.
On behalf of our nearly 8,000 farmer members across the state, the Iowa Corn Growers Association (ICGA) would like to thank Governor Branstad and the Iowa Legislature for their support of SF 257 which will ensure the future of our state's transportation infrastructure.
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The Iowa Corn Growers Association (ICGA) is an 8,000-member strong grassroots-driven organization, headquartered in Johnston, Iowa, serving members across the state, and lobbying on agricultural issues on behalf of its farmer members to create opportunities for long-term Iowa corn grower profitability. For more information, visit iowacorn.org.
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For More Information:
Shannon Textor
Director of Marketing and Communications
Iowa Corn Growers Association
515-225-9242
stextor@iowacorn.org
Mindy Larsen Poldberg
Director of Government Relations
Iowa Corn Growers Association
515-225-9242
mpoldberg@iowacorn.org