2005 House Bill 5147

Tax breaks for biodiesel and gasohol

Introduced in the House

Sept. 8, 2005

Introduced by Rep. Gary McDowell (D-107)

To authorize an income tax credit for the owners of companies that are gas stations or fuel blending enterprises, with the size of the credit based on costs incurred for acquiring and maintaining equipment needed to provide biodiesel or high-concentration ethanol fuels.

Referred to the Committee on Tax Policy