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KS HB2161
Bill
Status
1/30/2025
Primary Sponsor
Taxation
Click for details
AI Summary
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Creates a Kansas income tax credit of $0.05 per gallon for retail dealers and distributors who sell biodiesel or renewable diesel blends (minimum 10% blend) for motor vehicle use, effective for tax years 2026 through 2031
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Caps total tax credits issued at $5,000,000 per tax year statewide
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Unused credits may be carried forward for up to five years but are not refundable
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Applies to fuel sold at retail service stations through metered pumps or by distributors directly to final users located in Kansas, covering on-road and off-road vehicles including farm tractors and railroad trains
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Excludes biodiesel produced from palm oil unless the palm oil comes from waste oil and grease collected within the United States
Legislative Description
Providing an income tax credit for the sale and distribution of biodiesel and renewable diesel blends for motor vehicle fuels.
Last Action
House Referred to Committee on Agriculture and Natural Resources
1/30/2025