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FL H0043
Bill
Status
4/30/2010
Primary Sponsor
Carl Domino
Click for details
AI Summary
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Expands the definition of "biodiesel" under Florida tax law to include nonpetroleum renewable diesel substitutes derived from biological sources that are registered as motor vehicle fuels under federal law.
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Deletes the July 1, 2010 expiration date on the renewable energy technology tax exemption, making the exemption permanent.
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Maintains sales tax exemptions for hydrogen-powered vehicles and hydrogen-fueling stations (up to $2 million annually), commercial stationary hydrogen fuel cells (up to $1 million annually), and biodiesel/ethanol distribution materials (up to $1 million annually).
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Requires the Florida Energy and Climate Commission to review applications for tax refunds and certify eligibility within 60 days, with the Department of Revenue issuing refunds within 30 days of approval.
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Updates the renewable energy technologies investment tax credit to reference the amended biodiesel definition.
Legislative Description
Tax on Sales, Use, and Other Transactions
Last Action
Died in Finance & Tax Council
4/30/2010