Nebraska governor signs bill supporting E15 tax credits

In Nebraska, Governor Pete Ricketts on Thursday signed LB 1261e during a ceremony at the Nebraska State Capitol.  LB 1261e extends the Nebraska Advantage Rural Development Act, which had been set to expire at the end of 2022. The bill also expands the Nebraska Advantage Rural Development incentive program to provide ten times the amount of available tax credits annually for eligible investments in rural Nebraska. 

LB 1261e includes provisions from LB 596 to provide tax credits to fuel retailers selling E15 or higher blends of ethanol.  Retailers can apply to the Nebraska Department of Revenue for a credit of 5 cents on each gallon of E15 sold and 8 cents per gallon of E25 or higher blends sold.