Valero Seeks $75M In Tax Refunds For Fuel Mixtures

By Anna Scott Farrell (April 25, 2024, 2:16 PM EDT) -- Energy company Valero asked a Texas federal court for $75 million in excise tax refunds, claiming the Internal Revenue Service failed to recognize that its production of specific fuels such as butane blends and biomass derivatives qualified for the alternative fuel mixture credit....

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