ACE says biofuel tax credits for fuel station owners to boost availability of E85

In Washington, bipartisan congressional approval of recent legislation restoring tax credits for retail fuel station owners who buy equipment to offer alternative fuels, could further increase availability of E85 and profitability for retailers, says American Coalition for Ethanol Senior Vice President Ron Lamberty.

The consolidated appropriations act signed into law last week extended the Alternative Fuel Vehicle (AFV) Refueling Property Credit until the end of next year, according to Lamberty. The credit, which allows retail gas station owners to claim a 30 percent tax credit, up to a maximum of $30,000 per location for qualified AFV refueling infrastructure, originally expired on Dec. 31, 2014.