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Committee forwards bill to convert ethanol incentive fund to low-carbon fuels fund; due-pass 6-0
Summary
Senate Bill 2,333 would move balances from the ethanol production incentive fund into a new low-carbon fuels fund and continue funding from a portion of farm vehicle registration fees; the committee voted unanimously to give the bill a do-pass with referral to Appropriations.
The Finance and Taxation Committee voted 6-0 to give Senate Bill 2,333 a do-pass recommendation with referral to the Appropriations Committee, advancing a proposal to convert the existing ethanol production incentive fund into a new low-carbon fuels fund.
Chairman Mel Weber described the bill as transferring the current balance of the ethanol production incentive fund into the new low-carbon fund and directing future transfers — specifically, an annual share of farm vehicle registration fees — into…
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