Bill Wipes Out Ethanol Tax Credit to Restore Highway Funding

Governor Signs Wyoming Gov. Matt Mead (R) signed a bill (S.F. 8) repealing the gasoline tax credit of 40 cents per gallon provided to producers of ethanol, among critics of the subsidy who said it was time for the ethanol industry to stand on its own.

Under the measure, the repeal of the ethanol fuel tax credit will allow the state Highway Fund and local governments to resume collecting millions in fuel taxes on Wyoming-produced ethanol.

The measure, approved Feb. 17 by the Senate and on March 2 by the House, takes effect July 1, 2015. It was signed March 22 by Mead.