In Michigan, lawmakers are considering Senate Bill 814, authored by committee chairman Sen. Kevin Daley, which would establish a retailer tax incentive for higher ethanol blends, specifically a tax credit of $0.05 per gallon on sales of E15 and $0.085 per gallon on sales of E85.
Growth Energy General Counsel Joe Kakesh testified in support of the proposal to expand access to lower-cost, lower-emissions biofuel blends for drivers in Michigan. At the hearing before the Michigan Senate Agriculture Committee, Kakesh urged lawmakers to pass Senate Bill 814.
Kakesh testified that Senate Bill 814 “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.
