Governor Matt Blunt (R-MO) wants more tax incentives to encourage more ethanol use. He’ll ask the Legislature to give tax credits to gas stations that install equipment to sell E-85 – a fuel mixture that’s 15 percent gasoline and 85 percent ethanol. He also wants motorists who buy E-85 to get $500 in annual tax credits.
Blunt also wants to give ten percent state income tax deductions, or $1,500 in deductions, for people who buy hybrid vehicles.
It’s not a new idea. State Senator Luann Ridgeway (R-Smithville), whose district includes the Claycomo Ford plant, had suggested something similar in previous legislative sessions.