ETHANOL TAX CREDIT COULD DECREASE OR CEASE

News Date: 07/27/2010

The House Ways and Means Committee is considering reducing the current ethanol blender’s tax credit by 20%.  The current program is set to expire at the end of this year and refiners and blenders of ethanol may be receiving 36 cents per gallon instead of 45 cents per gallon as a result of the proposed reduction. The idea for the reduction of the tax credit is part of a green-energy bill and a draft is expected to be released soon. (By: Andrew Kim, Contact: Brad McKinney)

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