Ethanol group eyes alternative fuel credit Ethanol retailers and producers have organized around the goal of getting the Internal Revenue Service to recognize E85 as an alternative fuel eligible for federal tax credits. The Coalition for E85 launched Oct. 11 in response to a decision by Congress earlier this year to allow a 45-cent-per-gallon tax credit on ethanol to expire at year’s end. Members want federal regulators to include E85—an ethanol-gasoline blend containing 85 percent ethanol—in a group of alternative fuels that receive a 50-cent-per-gallon tax credit. “The car industry has said we are going to put out all these flexible fuel vehicles” that run on E85, said… Read More