Michigan HB5359 provides a tax credit for retail dealers selling E15 and E85 fuels from 2026 to 2030.
Michigan HB5359 amends the Michigan income tax law to introduce a tax credit for retail dealers selling E15 and E85 fuels. For tax years from 2026 to 2030, dealers can claim a credit of $0.05 per gallon for E15 fuel and $0.085 per gallon for E85 fuel sold through metered pumps. If the credit exceeds the dealer's tax liability, the excess must be refunded. Definitions include E15 fuel as gasoline with 10-15% ethanol and E85 fuel as a blend with 50-83% ethanol.
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