Biodiesel Tax Incentives

Thread Tools
 
Search this Thread
 
  #1  
Old 10-23-2004, 11:53 AM
Groundpounder0331's Avatar
Groundpounder0331
Groundpounder0331 is offline
Senior User
Thread Starter
Join Date: Apr 2004
Posts: 255
Likes: 0
Received 0 Likes on 0 Posts
Biodiesel Tax Incentives

Good news: President Bush signed H.R. 4520, A.K.A, American Jobs Creation Act of 2004, on 22OCT2004. See www.biodiesel.org website for the announcement. What this means is effective January 1st 2005, there is a .01 tax reduction for each percentage of Biodeisel blended with Dino Diesel, up to a cap of 20%. If you buy B20, your cost per gallon will be reduced by .20.

I'm going to write my State Legislature here in WA ST., and see if they have any similar legislation pending. If the states provide tax incentives like the FEDS have, the price could drop .40 a gallon, and may be cheaper than regular diesel.

FYI
Groundpounder


 




All times are GMT -5. The time now is 04:22 PM.