HB 5359: Individual income tax: credit; credit for certain motor fuel retail dealers; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 679.
Topics
✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for ethanol fuel retailers, reducing their tax liability and providing fiscal relief under individual income tax provisions.
✓ EnergySupports EnergyCreates tax credits for ethanol-blended fuels (E15/E85), promoting renewable energy use and reducing fossil fuel dependence through financial incentives.
✓ EnvironmentSupports EnvironmentProvides tax credits for ethanol-blended fuels (E15/E85), promoting renewable energy use and reducing emissions compared to conventional gasoline, aligning with environmental protection goals.
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Rep's Stance
✗ Voted No
✗ Opposes Energy