Growth Energy Applauds Advance of Michigan E15 Tax Incentive

The state Senate and House of Representatives advanced the Michigan E15 tax incentive today. The credit will give retailers $0.05 for every gallon of E15 sold.

LANSING, MICH.—Growth Energy CEO Emily Skor issued the following statement after the Michigan legislature passed legislation including a $0.05 per gallon tax credit for E15—a fuel option made with 15% bioethanol that can be used in 96% of cars on the road today:

“This new tax incentive will give Michigan drivers even more opportunities to take advantage of E15, a more affordable, lower-carbon fuel option that can be used in 96% of vehicles on the road today,” said Growth Energy CEO Emily Skor. “The coordinated leadership of State Reps. Will Snyder and Reggie Miller, as well as appropriations chairs in both chambers, Rep. Angela Witwer and Sen. Sarah Anthony, was essential to advancing this incentive through the legislature, and our industry is grateful for their commitment to biofuels. We commend the legislature for taking action and look forward to Governor Whitmer signing the bill into law.”

A full version of the agreed-to legislation can be found here (the language outlining the Michigan E15 incentive is in Section 1050(e), beginning on page 719).