Growth Energy, Ag Groups Urge Passage of Michigan Biofuel Bill
by Erin Voegele (Ethanol Producer Magazine) The Michigan Senate Agriculture Committee on June 23 held a hearing to consider legislation that aims to create a tax credit for retailers that choose to sell higher ethanol fuel blends, such as E15 and E85.
The legislation, Senate Bill 814, was introduced in January by State Sen. Kevin Daley. The bill aims to create a 5-cent-per-gallon tax credit for the sale of E15 and an 8.5-cent-per-gallon credit for the sale of E85. Both credits would expire after five years unless renewed by the legislature.
Growth Energy General Counsel Joe Kakesh offered testimony in support of the bill. During his testimony, Kakesh urged lawmakers to pass the bill, noting it “would provide an important tax credit for retailers selling higher ethanol blends” and that the credits are important “as retailers in Michigan continue to build out the market and invest in additional infrastructure” for higher ethanol blends. READ MORE
ETHANOL TAX CREDIT BILL DISCUSSED AT MICHIGAN SENATE HEARING (Brownfield Ag News)
MICHIGAN TAX CREDIT BILL PASSES AG COMMITTEE (Brownfield Ag News)
Michigan Senate votes to approve tax credit for E15, E85 (Ethanol Producer Magazine)
Growth Energy Applauds Michigan Senate Vote to Boost Biofuel Blends (Growth Energy)
