·$.10/Gallon for Biodiesel Producers up to 15mmg/yr
Section 1345 of the Energy Policy Act of 2005 allows a tax credit of $.10 per gallon to small agro-biodiesel producers for up to 15 million gallons. To be eligible, a producer must make less than 60 million gallons of biodiesel per year.
Energy Policy Act
·Mandates 30% reduction in US dependence on foreign oil by 2010
State and Alternative Fuel Provider Rule
·75% of new light-duty vehicles acquired by state fleets must be alternative fuel vehicles (AFVs); 90% of light-duty vehicles acquired by alternative fuel providers must be AFVs.
Alternative Fuel Infrastructure Tax Credit
·Tax credit equal to 30% of the of cost alternative refueling property, up to $30,000 for business property. Buyers of residential refueling equipment can receive a tax credit for $1,000.
Requirements for Regulated Federal Fleets
·75% of new light-duty vehicles acquired by federal fleets must be AFVs.
Alternative Motor Vehicle Credit
·50% of the incremental cost of the vehicle, plus an additional 30% of the incremental cost for vehicles with near-zero emissions for vehicles <14,001 lb GVWR
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