Michigan HB5359 provides a tax credit for motor fuel retail dealers selling E15 and E85 fuels.

Michigan HB5359 amends the state's individual income tax law to allow retail dealers a credit for selling E15 and E85 fuels. For tax years 2026 through 2030, dealers can claim a credit of $0.05 per gallon for E15 fuel and $0.085 per gallon for E85 fuel. If the credit exceeds the dealer's tax liability, the excess must be refunded. E15 fuel is gasoline blended with 10-15% ethanol, while E85 fuel is a blend with 50-83% ethanol, suitable for flexible fuel vehicles.

Michigan HB5359 provides a tax credit for motor fuel retail dealers selling E15 and E85 fuels.

Michigan HB5359 amends the state's individual income tax law to allow retail dealers a credit for selling E15 and E85 fuels. For tax years 2026 through 2030, dealers can claim a credit of $0.05 per gallon for E15 fuel and $0.085 per gallon for E85 fuel. If the credit exceeds the dealer's tax liability, the excess must be refunded. E15 fuel is gasoline blended with 10-15% ethanol, while E85 fuel is a blend with 50-83% ethanol, suitable for flexible fuel vehicles.