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Tax Credits for Selling and Blending Ethanol Fuels

New rules introduce tax credits for businesses that sell or blend fuels containing ethanol, like E15. This aims to encourage the use of lower-carbon fuels. For citizens, this could mean greater availability and potentially lower prices for ethanol-blended fuels at gas stations.
Key points
Businesses blending E15 fuel (up to 15% ethanol) will receive a 5-cent per gallon credit.
Businesses blending fuel with over 15% ethanol will receive a 10-cent per gallon credit.
Retailers of fuels can also benefit from these credits if the blending company has not claimed them.
Small gas stations (up to 5 locations) may receive a refundable tax credit.
Changes apply to fuel blended or sold after December 31, 2021.
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Additional Information
Print number: 117_S_2262
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-06-24
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Low Carbon Biofuel Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2262.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-24.

What are the main provisions?

Key points include:

  • Businesses blending E15 fuel (up to 15% ethanol) will receive a 5-cent per gallon credit.
  • Businesses blending fuel with over 15% ethanol will receive a 10-cent per gallon credit.
  • Retailers of fuels can also benefit from these credits if the blending company has not claimed them.
  • Small gas stations (up to 5 locations) may receive a refundable tax credit.
  • Changes apply to fuel blended or sold after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Environment Economy