Gov. Ricketts hosts bill signing ceremony

LINCOLN, Neb. (WOWT) - Gov. Pete Ricketts hosts a signing ceremony for LB-1261e Tuesday afternoon.

The bill adopts the Nebraska Higher Blend Tax Credit Act, new provisions of the ImagiNE Nebraska Act, the Nebraska Advantage Rural Development Act and the Urban Redevelopment Act.

The final reading of the bill passed in the legislature on April 13 with a 46-0 vote.

One provision of the bill provides tax credits to fuel retailers selling E15 or higher blends of ethanol.

“LB 1261e will help to grow Nebraska agriculture and attract investment in our rural communities,” said Gov. Ricketts. “The bill also encourages fuel retailers to offer higher ethanol blends. Increasing the use of ethanol saves drivers money at the pump, cleans up our environment, and creates opportunities for our farmers and ranchers.”

Retailers can now apply to the Nebraska Department of Revenue for a credit of five cents on each gallon of E15 sold.

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