IHS Chemical Week

U.S. Lawmakers Vote to Repeal Ethanol Tax Subsides

9:28 AM MDT | June 21, 2011 | Kara Sissell

The U.S. Senate has voted to repeal ethanol tax subsidies, reversing course on what has been a long-standing political imperative led by U.S. lawmakers representing farm states. A separate measure aimed at ending federal aid for certain ethanol infrastructure projects did not pass, however. The Volumetric Ethanol Excise Tax Credit (VEETC) provides a 45-cts/gal tax credit for blending ethanol into gasoline as is slated to expire at the end of this year. Its repeal could provide about $6 billion/year in government revenue, lawmakers say. A similar measure...

If you have already signed up for access to Chemical Week Regulatory Watch, please log in here.


Forgot your user ID or password?
Click here to have it sent to you. 

contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa