Introduced
by
To increase from $2.5 million to $6 million in the current fiscal year only a cap on the amount of foregone motor fuel tax revenue caused by 3-cent discount on biodiesel and E-85 ethanol fuels. The 2006 law that created the tax break required the legislature to pay a cross-subsidy from the state general fund to the Michigan transportation fund to make up the loss in road tax money, and reaching that $2.5 million cap triggers the elimination of lower tax rate.
Referred to the Committee on Agriculture
