A casualty of the state budget talks earlier this summer was the sales tax credit for gasoline containing 10-percent ethanol or E-10. But the impact at the pump will be minimal.
The Illinois Corn Grower Association’s Tricia Braid says there’s a myth the move will cause a 10-to-11 cent increase in a gallon of gasoline. She says that’s just not true.
With the E-10 sales tax credit gone, the state anticipates a $95-to-$100-million added bump in revenue.
Braid says the tax credit served its purpose as 95-percent of all gasoline sold in Illinois is now E-10.
