Government unsettled about ethanol tax - KWWL - Eastern Iowa Breaking News, Weather, Closings

Government unsettled about ethanol tax

Posted:
WASHINGTON, D.C. (KWWL) -

There have been some mixed signals about ethanol in Washington.

The US Senate voted to repeal tax credits for producing ethanol.

The credit provides 45 cents a gallon to oil refiners who mix ethanol with gasoline and is scheduled to expire at the end of the year anyway.

On the other hand, the Senate also blocked an effort that would have eliminated government funding for ethanol blender pumps and storage facilities.

The House passed a similar measure Thursday.

Powered by Frankly