Biofuels Retail Tax Credit

Archived: 12/31/2011

Retailers of E85 or fuel blends containing at least 20% biodiesel (B20) may receive a tax credit of $0.15 per gallon of E85 or biodiesel blend sold in 2010, and $0.13 per gallon of E85 or biodiesel blends sold in 2011. Tax credits are also available to retailers of biodiesel blends for fuel sold in 2010 and 2011 as follows:

• $0.075 per gallon for blends of at least 10% biodiesel (B10) but less than B20; and
• $0.0375 per gallon for blends of at least 6% (B6) but less than B10.

The retailer must sell the biofuel using a metered pump at a fueling station to be eligible for the credit. (Reference Senate Bill 131, 2010, and Ohio Revised Code 5747.02, 5747.77, and 5747.98)