Introduced
by
To give a subsidy to gas stations that increase ethanol sales above certain thresholds specified in the bill. The subsidy would be a refundable Michigan Business Tax credit, and the value would be between 2 cents and 6 cents per gallon of ethanol sold above the threshold. “Refundable” means that the state will send a gas station a check for the amount that the credit exceeds the owner’s tax liability..
Referred to the Committee on Finance
