Illinois approves ethanol tax incentives

In Illinois, Agrinews reported that the Illinois Corn Growers Association (ICGA) worked closely with Illinois lawmakers to approve language in this year’s legislative session to create and renew retail sales tax incentives for ethanol blends.

The provision, supported by the ICGA, reduces the percentage of retail sales tax on E15 blends of gasoline by 10% and mid-range blends by 20% and reauthorizes the 100% reduction of sales tax for E-85. The tax incentives will expire on December 31, 2028.

Matt Rush, president of ICGA said: “The use of higher blends of ethanol in the marketplace helps reduce greenhouse gas emissions, lowers the price of fuel for consumers and supports Illinois family farmers and rural communities.”

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