Nebraska Gas Stations Selling Ethanol Can Claim Tax Credit

Nebraska stations selling ethanol can now claim tax relief. State lawmakers passed the Higher Mixing Tax Credit Act in April. of E25 or higher blends sold to Nebraska gas retailers. our national strategy to lower gasoline prices,” Governor Pete Ricketts said in a statement. “Ethanol saves drivers money at the pump, is better for the environment, and creates opportunity for farm families here in Nebraska. As a state, we are doing our part to increase energy production in the United States by encouraging sales of renewable fuels. For more information or to apply, click here. More than 120 stations currently sell E-85 gas and another 112 sell E-15 blend.

Nebraska stations selling ethanol gas can now claim tax relief.

State lawmakers passed the Higher Mixed Tax Credit Act in April.

The bill is bundled with LB1261e which will give a credit of 5 cents on every gallon of E15 sold and 8 cents per gallon of E25 or higher blends sold to Nebraska gas retailers.

The objective behind the bill is to make it more affordable for retailers, who are then able to keep the price low for customers interested in purchasing the fuel.

“The use of ethanol should be a centerpiece of our national strategy to reduce gasoline prices,” Gov. Pete Ricketts said in a statement. “Ethanol saves drivers money at the pump, is better for the environment, and creates opportunity for farm families here in Nebraska. As a state, we are doing our part to increase energy production in the United States by encouraging sales of renewable fuels. »

Applications opened Monday through the Nebraska Department of Revenue. For more information or to apply, Click here.

More than 120 stations currently sell E-85 gas and another 112 sell E-15 blend.