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Policies

Volumetric Ethanol Excise Tax Credit (VEETC)

Source: JOIN IEA/IRENA Policy and Measures Database
Last updated: 29 August 2012
The Volumetric Ethanol Excise Tax Credit (VEETC) allows an ethanol blender that is registered with the Internal Revenue Service (IRS) to be eligible for a tax incentive in the amount of $0.45 per gallon of pure ethanol (minimum 190 proof) blended with gasoline. Only entitles that have produced and sold or used the qualified mixture as a fuel in their trade or business are eligible for the tax credit. Under current law, this incentive expires December 31, 2010.

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Technologies