ISTREATOR, Ill. (DTN) -- Iowa Governor Terry Branstad Wednesday signed into law an extension of a tax credit for gasoline containing 15% ethanol.
The E15 credit pays 3cts per gallon for the 15% of ethanol blended into gasoline sold from Jan. 1 to May 31, and 10cts for June 1 to Sept. 15 sales.
The credit reverts back to 3cts from Sept. 16 to Dec. 31. The credit runs through 2020.
The bill was signed at the POET ethanol plant in Coon Rapids, Iowa.
"We are excited Gov. Branstad selected our facility to mark the officially signing of this important ...