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Lawmakers review ethanol, gun-storage and child-care tax credits while negotiating package
Summary
Conferees reviewed fiscal and design details of several tax-credit provisions (ethanol fuel credit capped at $2.5 million with apportionment; lockable gun-storage credit capped per taxpayer; child-care credit with refundability concerns) and discussed which credits to include in a package under SB 82 and related bills.
Staff briefed conferees on multiple tax-credit provisions under consideration for inclusion in the package. They described the ethanol fuel credit as a 5-cent-per-gallon credit for E15 or higher ethanol blends sold at retail, capped at $2.5 million per year and available for tax years 2026–2028; if claim totals exceed the cap, the credit would be apportioned among claimants according to their proportionate share. That apportionment mechanism was cited as an improvement over a first-come, first-served approach that had previously concerned…
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