FL S0788

Expands sales tax exemption for renewable energy equipment to include materials used in distributing renewable diesel fuel and renewable fuel oil, in addition to existing biodiesel and ethanol distribution materials, with a $1 million annual tax cap.

Defines "renewable diesel fuel" as liquid fuel derived from biomass for use in diesel-powered engines meeting EPA and state Department of Agriculture specifications.

Defines "renewable fuel oil" as liquid fuel derived from biomass for use in fuel oil applications meeting EPA and state Department of Agriculture specifications.

Extends the expiration date of the renewable energy technologies sales tax exemption from July 1, 2010, to July 1, 2015.

Extends the renewable energy technologies investment tax credit period from June 30, 2010, to June 30, 2015, and includes renewable diesel fuel and renewable fuel oil in eligible investment categories with a $6.5 million annual cap for production, storage, and distribution costs.