Description of Chairman's Modification to the "Energy Tax Incentives Act of 2003"


OCLC Number: 54768508 Excerpt: ... The reduced excise tax rates apply when gasoline is being purchased for the production of " gasohol. " Gasohol is defined as a gasoline / ethanol blend that contains 5.7 percent ethanol, 7.7 percent ethanol, or 10 percent ethanol. The Federal excise tax on gasoline is 18.4 cents per 5 gallon. For the calendar year 2003, the following reduced rates apply to gasohol: 5.7 percent ethanol 15.436 cents per gallon 7.7 percent ethanol 14.396 cents per gallon 10.0 percent ethanol 13.200 cents per ...

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