Ethanol tax credit bill discussed at Michigan Senate hearing

Corn producer Jeff Sandborn testifying before the Michigan Senate Ag Committee 6-23-23

Legislation in Michigan that would provide a tax credit to retailers for installing pumps and tanks for higher ethanol blends has support from farmers and the ethanol industry.

Michigan Farmers Union President Bob Thompson testified before the state senate’s ag committee Thursday morning, saying 40% of the nation’s corn is used for ethanol and value-added co-products. “Statewide availability of E15 across Michigan would drive demand for an additional 78 million bushels of corn annually boosting incomes for our family farmers.”

General Manager Emily Boynton from POET refining’s facility in Caro told the committee Michigan can do much more to reduce emissions and save consumers money by passing this bill.

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