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HI SB2232
Bill
Status
Introduced
1/21/2010
Primary Sponsor
Clarence Nishihara
Click for details
AI Summary
- Expands the existing ethanol facility tax credit to include other liquid biofuels such as those produced from sugarcane, algae, and waste products
- Monetizes the tax credit as a specific dollar amount rather than a percentage of gallon capacity
- Broadens the definition of "agricultural feedstocks" to cover more types of renewable resources without restricting conditions or sources
- Allows direct capital expenditures in agricultural infrastructure to qualify as investments under the tax credit
- Pro rates the annual aggregate tax credit cap between ethanol and other biofuel production facilities without changing the total cap amount
Legislative Description
Renewable Fuels; Biofuels; Tax Credit
Last Action
(S) Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/8/2010
Committee Referrals
Ways and Means2/8/2010
Energy and Environment1/21/2010
Full Bill Text
No bill text available