Kansas HB2012 establishes a tax credit for the sale and distribution of ethanol blends for motor vehicle fuels.
Kansas HB2012 creates a tax credit for the sale and distribution of ethanol blends for motor vehicle fuels. The credit applies to taxable years 2026 through 2031 and is available to retail dealers and distributors. The credit amount is $0.05 per gallon of higher ethanol blend sold. The total amount of tax credits issued per tax year cannot exceed $5,000,000. Unused credit amounts may be carried forward for up to five taxable years.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.