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Ethanol Tax Guide: A Road to Reduced Excise Tax

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Ethanol Tax Guide: A Road to Reduced Excise Tax

The ethanol tax guide is here to help all customers who need to understand the complexities of reduced-tax ethanol. Not all businesses qualify for the TTB’s reimbursement program and that’s where this guide comes into play, the Ethanol Tax Guide!

What are Federal Excise Taxes for Ethanol?

Are you in the business of using ethyl alcohol in your products or manufacturing process? If so, you’re likely familiar with the high taxes that come with it, but no worries, that is why we developed the ethanol tax guide. The TTB taxes Ethyl alcohol $26.68 per gallon by the TTB (Alcohol and Tobacco Tax and Trade Bureau). Ultimately, this can add up to a significant amount of money, especially for businesses that use large quantities of ethanol.

But what if we told you there’s a way to save money on federal excise taxes? That’s where our reduced tax program comes in.

Understanding Federal Excise Taxes

Before we dive into reduced-tax ethanol, let’s first understand how federal excise taxes work. The tax rate is based on the proof gallon, a unit of measurement that considers the volume and alcohol content.

TTB taxes $26.68 per proof gallon for every gallon produced or used of pure 200 proof ethyl alcohol. Certain producers & distributors sell ethanol at a reduced tax rate of only $5.40 per gallon, offering significant cost savings. Simple Solvents offers a limited amount of reduced tax allocation each year.

Am I eligible for reduced tax?

[Take our quiz now to qualify (Coming Soon)!]

Benefits of Reduced Tax Ethanol

The most obvious benefit of using reduced-tax ethanol is the cost savings. By paying only $5.40 per gallon instead of $26.68, businesses can save a significant amount of money on their excise taxes.

Secondly, more affordable ethyl alcohol leads to increased adoption of this renewable alcohol & solvent. Ethanol is a renewable fuel source that produces fewer emissions than traditional gasoline. Businesses can reduce their carbon footprint and contribute to a cleaner environment by using reduced-tax product.

Conclusion

In conclusion, qualifying for reduced federal excise is an excellent way for businesses to save money while still using high-quality, consistent products. Simple Solvents offers reduced tax allocation at only $5.40 per gallon, resulting in millions in customer tax savings. You can also find additional information about Tax Rates through the TTB’s website by clicking here!

Buy 200 Proof Ethanol from Simple Solvents today!