Indiana increases E85 incentives
Retailers and fleets in Indiana may be more inclined to add E85 pumps to their operation with the passing of new legislation that provides up to $20,000 for companies to cover the cost of installing and converting E85 equipment.
...Aubrey said a lot of interest has been generated by the $1 million legislation. “The phone has been ringing off the hook,” he said.
The recently passed E85 legislation provides financing to cover 50 percent of the cost to install infrastructure for E85. ...
Indiana has been offering incentives for E85 since July 2007, when $1 million became available for an 18-cent sales tax deduction, Aubrey said. The consumer will receive “an 18-cent sales tax deduction on every gallon of E85 sold at these sites,” he said. “There was $1 million available for the sales tax deduction starting last July but that has decreased because retailers have been taking advantage of that.”