Michigan tax credit bill passes Ag Committee

Michigan tax credit bill passes Ag Committee

The Michigan legislation that would create a tax credit for retailers offering E15 and other ethanol blends has moved forward.  The State’s Senate Ag Committee passed the bill Thursday morning and advanced it to the full Senate for consideration.

The legislation has the support of farm groups and the Michigan Agri-Business Association, which say ethanol is one of the most important markets for the state’s corn and would save consumers money at the pump.