Ethanol producers seek gas pump tax credit change

Des Moines Register
12:15 PM, Jan 25, 2011
by Dan Piller

Iowa’s ethanol producers will ask the Legislature this session to shift the one-half cent per gallon state income tax credit from the ten percent blend of ethanol now most commonly sold to the 15 percent blend that the U.S. Environmental Protection Agency approved last week for use in autos of the 2001 model year and later.

Monte Shaw, executive director of the Iowa Renewable Fuels Association, told the group’s annual summit meeting in Des Moines Tuesday that “most gasoline retailers have just two tanks, one filled with unblended unleaded gasoline and the other with E10. We want them to shift that second tank to E15.”

Iowa Gov. Terry Branstad appeared at the summit, held at the Polk County Convention Center, and told about 700 attendees “I want to work with the Legislature to change the credit from 10 percent to 15 percent.”

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