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VEET
(redirected from Volumetric Ethanol Excise Tax)

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AcronymDefinition
VEETVictorian Energy Efficiency Target (Australia)
VEETVolumetric Ethanol Excise Tax
VEETVocational Education Employment and Training Act (Australia)


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The Volumetric Ethanol Excise Tax Credit (VEETC), a 45-cent per gallon federal tax credit, was established to support the domestic ethanol industry.
All costs associated with corn ethanol production, including direct costs such as the Volumetric Ethanol Excise Tax Credit ("VEETC") and indirect costs like rising food costs and harm to the environment, are relevant in the calculus of efficiency and should guide the decision making process.
The major driver behind the development of the fuel ethanol industry in the United States is the Volumetric Ethanol Excise Tax Credit, the federal subsidy for ethanol that is used in gasoline.
 
 
 
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