Push Is on for Higher Ethanol Blends
by Chris Lusvardi (Herald-Review.com) …(T)he Illinois Senate has approved a measure that will eventually allow higher blends of ethanol to receive the state sales tax exemption. Marketers can sell ethanol blended fuel with a sales tax reduction of 20 percent on each gallon. The legislation would change the state’s definition of gasohol, which is currently defined as 10 percent ethanol, 90 percent gasoline. The new definition would mirror the new highest allowable levels.
“This is great news for anyone that buys fuel in Illinois,” said Tim Lenz of Strasburg, who is president of the Illinois Corn Growers Association. “By linking the state’s definition of ethanol blended fuels to the federal regulations, consumers can continue to enjoy the lower price per gallon for gasoline that is blended with ethanol.” READ MORE