E-85 Investment Act of 2006

H.R. 5317, the E-85 Investment Act of 2006, was designed to encourage gas station owners to install pumps for E-85, a fuel blend consisting of 85% ethanol. The bill proposed increasing the existing federal tax credit for these fueling stations from 30% to 75% of the installation costs and extending the availability of the credit through 2016. For everyday citizens, this legislation aimed to make high-ethanol fuel more widely available at the pump and reduce national dependence on petroleum by providing financial incentives for infrastructure upgrades.