Archive for February 15th, 2010

Big Oil Is Not Allowed to Monopolize the Blender’s Tax Credit in North Carolina

Posted on February 15, 2010. Filed under: Blender's Tax Credit | Tags: , , , , |

Judge Rejects Challenge to N.C. “Ethanol Blending” Law: Similar to Pending TN Lawsuit By Tom Humphrey The Knoxville News-Sentinel February 12, 2010 A federal judge has rejected a lawsuit by the American Petroleum Institute that sought to invalidate North Carolina’s “ethanol blending” statute, which is similar to a 2009 law passed by the Tennessee legislature. [...]

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    The Blender’s Tax Credit provides a credit against federal gasoline taxes that is worth 45 cents for every gallon of ethanol blended into the gasoline pool. The issue is whether an oil company or refiner, or an affiliate of such oil company or refiner, has a monopoly on blending fuel ethanol with unblended gasoline.

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