Senator Switalski asked and was granted unanimous consent to make a statement and moved that the statement be printed in the Journal.
The motion prevailed.
Senator Switalski’s statement is as follows:
I voted “no” against this bill when it was before us earlier in another version, and it was 37-1, so it just slipped through. I raised some objections at the time that it was retroactive, so that people who had already installed these pumps would be getting a tax credit for doing something that they had already done. It was about $3 million a year, and ethanol was already 22 cents less than gasoline at the station, so there was already incentive to do it.
I have to say that some significant changes have been made to the bill, such as there is no retroactivity now; there is a three-year phase-out; there is a $20,000 cap per year per taxpayer; and there is also a $1 million cap per year for all the credits. I now enthusiastically support this bill.