I've never heard of this, but then we've never needed to have emissions tests around here.
I don't know if you meant isopropyl alcohol or not, but the common grocery/drug store rubbing alcohol is isopropyl, and was often available in more than one concentration. Lately, all I've been able to find is 50%, but for many years, 90-92% was readily available too.
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I don't put it in fuel, but it's a fairly decent cleaning solvent for lightly soiled parts, and also a good additive to a water & liquid detergent/soap mixture, to make a very effective general purpose cleaner. I use a potion of about 66% water, 34% alcohol and very little liquid soap (maybe 10 drops per pint) in a trigger spray bottle, for most things.. from my glasses lenses to plastic or painted equipment cabinets, and most other things that don't require anything harsher.