Illinois in it's quest for ever more tax dollars eliminated a 20% rebate on a tax exemption at the wholesale level on ethanol for gas. The Illinois Petroleum Marketers Association predicts that many will drop ethanol gas if the straight stuff gets cheap enough at the wholesale level. The distributors will just buy tax credits to offset the Federal Mandate.
Gas prices likely to rise after state budget strips tax exemption on ethanol
Gas prices likely to rise after state budget strips tax exemption on ethanol