It would be useful to know in every newsletter what if any federal legislation is being proposed/enacted to mandate that every gas station shall carry E85 fuel.
Thaddeus
Thaddeus J. Kochanny
Thaddeus,
VEETC, Tariff and Cellulosic Ethanol Tax Credit
Congressmen Earl Pomeroy, D-N.D., and John Shimkus. R-Ill., introduced legislation that would extend the 45 cent a gallon VEETC and 54 cent a gallon tariff for five years. Both the VEETC and the tariff are set to expire at the end of this year. The bill would also extend the $1.01 cellulosic tax credit, which is set to expire at the end of 2012 for three years and the 10-cent a gallon small-producer tax credit, which is set to expire at the end of this year, for five years. Sen. Grassley will introduce similar legislation in late April or early May.
Blender Pumps
The legislative affairs team is working to get language included in upcoming legislation that would allow gas stations to receive a tax credit for installing blender pumps. Under current law, they can only receive the tax credit for installing E85 pumps. It is unlikely this tax credit will be included in the tax extenders package because the blender pump tax credit is a multiyear tax credit.
Thanks again for your question!
