Country:United States
Year:1979
Policy status:Ended
Jurisdiction:National
Date Effective:1979
Date Ended:31 Dec 2010
Policy Type:Regulatory Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Taxes, Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:
Policy Sector:
Agency:Department of the Treasury
URL:http://www.afdc.energy.gov/afdc/laws/law/US/399
Legal References:Energy Policy Act of 2005 (§ 1344) extended the Volumetric Ethanol Excise Tax Credit (VEETC) through 2010.
Description:The Volumetric Ethanol Excise Tax Credit (VEETC) allows an ethanol blender that is registered with the Internal Revenue Service (IRS) to be eligible for a tax incentive in the amount of $0.45 per gallon of pure ethanol (minimum 190 proof) blended with gasoline. Only entitles that have produced and sold or used the qualified mixture as a fuel in their trade or business are eligible for the tax credit. Under current law, this incentive expires December 31, 2010.

Last modified: Wed, 29 Aug 2012 14:24:28 CEST