Blunt pushes tax breaks for alternative fuel
Friday, January 4, 2008
CLAYCOMO, Mo. -- Governor Matt Blunt says he will push tax incentives designed to increase the sale of ethanol in vehicles that can use the alternative fuel.
Blunt spoke Thursday at the Ford Motor Co. plant in the Kansas City suburb of Claycomo.
His initiatives would provide $2 million to increase the number of Missouri gas stations able to sell E-85 fuel, which is a blend of ethanol and standard gasoline. He also would offer up to $500 a year in tax credits for consumers who bought E-85 fuel.
Finally, Blunt would also provide state tax credits worth up to $1,500 on the purchase of a gasoline-electric hybrid vehicle.