| Biodiesel production, distribution, and
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| | biodiesel itself as a fuel;othe biodiesel
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| use, as with many emerging alternative
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| | production company sells the biodiesel
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| energies, has been aided in large part by
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| | retail which is then used in the fuel
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| recent government incentives making
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| | tank of the buyer.
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| biodiesel fuel production and
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| | The tax credits on Straight Biodiesel are
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| distribution more attractive. These tax
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| | equal to $1 per gallon of agri-biodiesel
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| incentives put money back in the pockets
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| | and $0.50 per gallon of waste grease
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| of biodiesel producers who, presumably,
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| | biodiesel. The tax credits on Biodiesel
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| pass the benefits on to you, the
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| | Mixtures are $0.01 (a penny) per
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| consumer, with lower biodiesel prices.
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| | percentage point of agri-biodiesel and
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| Not just any biodiesel is eligible for
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| | $0.005 (half-a-cent) per percentage point
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| tax incentives. The definition of
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| | of waste grease biodiesel.
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| biodiesel fuel, as its used for tax
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| | That is, unless the amount of credit
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| purposes, is monoalkyl esters of long
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| | approved to taxpaying biodiesel companies
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| chain fatty acids. Biodiesel production
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| | applying for the credit in a given year
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| companies seeking any of these credits
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| | exceeds the annual cap of $1.5 million,
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| must ensure that they are making
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| | in which case the Department of Revenue
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| biodiesel fuel that meets the
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| | will prorate credits to biodiesel
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| Environmental Protection Agency (EPA)
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| | production companies accordingly.
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| requirements for registration of fuels
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| | These tax credits, however, are currently
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| and fuel additives as described in the
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| | temporary, and set to expire in 2008 an
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| Clean Air Act, as well as requirements
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| | added incentive to get started now on
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| put forth by the American Society of
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| | that biodiesel production company of your
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| Testing and Materials.
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| | own that youve been dreaming about.
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| All companies, whether a biodiesel
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| | Theres literally no time to waste.
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| production company or not, that are
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| | Another Federal Tax Credit, the Small
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| selling or using biodiesel may qualify
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| | Agri-Biodiesel Producer Credit (Section
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| for the Biodiesel and Ethanol (VEETC) Tax
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| | 1345: Energy Policy Act of 2005), grants
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| Credit, on their income taxes. There are
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| | $0.10 per gallon on up to 15 million
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| two such types of credit.the Straight
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| | gallons to small agri-biodiesel
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| Biodiesel Credit (considered a general
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| | production facilities producing less than
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| business credit by the IRS) the
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| | 60 million gallons per year.
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| biodiesel in question must not have been
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| | Incidentally, there are local and state
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| mixed with any petroleum-based diesel
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| | tax credits all over the country
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| fuel, and the company itself must be the
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| | available on biodiesel cost and costs on
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| biodiesel production company making
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| | other alternative fuels. Visit: to find
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| it;the Biodiesel Mixture Credit the
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| | out what your locality offers.
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| biodiesel in question must contain only
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| | According to recent U.S. Department of
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| biodiesel fuel and petroleum-based
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| | Agriculture (USDA) study, demand for
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| diesel, with absolutely no kerosene
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| | biodiesel production is set to increase
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| added, and the company itself must be the
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| | by at least 124 million gallons per year,
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| biodiesel production company making it.
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| | however fears about the rapidly rising
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| Additionally, for either tax credit on
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| | prices of crude oil suggest that
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| biodiesel cost, one of the following
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| | facilities might be making biodiesel fuel
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| criteria must also be met;othe biodiesel
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| | in even larger amounts and at an even
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| production company actually uses the
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| | faster rate.
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