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Tax Incentives for Alcohol Fuels (CRS Report for Congress)

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Release Date Feb. 9, 1995
Report Number 95-261
Report Type Report
Authors Salvatore Lazzari, Economics Division
Source Agency Congressional Research Service
Summary:

The federal tax code contains five tax incentives that benefit alcohol fuels: the 5.4 cent per gallon excise tax exemption, the 54 cents per gallon blender's tax credit, and 10 cents per gallon small ethanol producers' credit, the income tax deduction for alcohol-fueled vehicles, and the alternative fuels production tax credit. This report discusses each of these tax incentives.