A bill for an act relating to the excise tax on certain ethanol blended gasoline purchased exclusively for use in an implement of husbandry used in agricultural production.

Summary

The bill removes the state excise tax on gasoline that contains more than 85% ethanol when it is bought at a terminal or refinery rack for use only in farm implements. Purchasers must obtain and sign an exemption certificate from the Department of Revenue, which the fuel supplier must keep for three years. The change is meant to lower fuel costs for agricultural producers while ensuring tax compliance.

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