Ethanol Tax Exemption

RCED-95-273R: Published: Sep 14, 1995. Publicly Released: Sep 14, 1995.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on the possible effects of eliminating the current tax exemption for ethanol, focusing on the estimated: (1) decline in ethanol use; and (2) fiscal effects on the Treasury and changes in farm income payments resulting from the decline in ethanol use. GAO noted that: (1) ethanol usage would likely decline by between 50 and 90 percent if the tax exemption is eliminated; (2) if ethanol use declines by 50 percent, the Treasury would lose between $2.5 and $3.2 billion from 1996 through 2000; (3) if ethanol use declines by 90 percent, the Treasury would lose between $5.4 and $6.3 billion from 1996 through 2000; and (4) farm income from corn would decline as a result of any decline in ethanol use.

Jul 13, 2016

Jul 11, 2016

Jun 13, 2016

Jun 6, 2016

May 26, 2016

May 18, 2016

Apr 6, 2016

Mar 30, 2016

Feb 29, 2016

Feb 25, 2016

Looking for more? Browse all our products here