Ethanol Tax Increases In South Dakota

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Ethanol Tax Increases In South Dakota

Story Created: Jul 5, 2009 at 12:49 PM CST

Story Updated: Jul 5, 2009 at 5:00 PM CST

With the new fiscal year in South Dakota comes a new tax rate for ethanol.

Ethanol now is being taxed at 8 cents a gallon at the wholesale level. Previous state law included more than one tax rate for ethanol, depending on how much of the grain-based fuel was blended with regular gasoline.

Ethanol industry officials say the new law should encourage more blender pumps, which let motorists select among various blends of ethanol and gasoline.

The 2009 Legislature passed the measure to end a controversy on how the tax should be imposed on various blends of ethanol fuel.

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