View Reports, News and Statistics Related to Your Home State

Indiana Passes Ethanol, Biodiesel Tax Credit

Subscribe to our Energy Environment News RSS Feed
Category: Energy
Type: News
Source: US Department of Energy (Biomass)
Date: Friday, April 28th, 2006

Indiana Governor Mitch Daniels signed SEA 353 into law on March 21. This bill increases the maximum amount of tax credits that can be granted for biodiesel production, biodiesel blending, and ethanol production from $20 million to $50 million. It also allows for a $0.10/gallon sales tax deduction for the retail sale of E85 until July 2008, or up to $2 million. The bill also extends the tax credits for the retail sale of blended biodiesel to 2010 and for integrated coal gasification power plants to invest in new technologies. This will move the state closer to its goal of producing one billion gallons of renewable fuel annually.

The Indiana State Department of Agriculture is working with automobile manufacturers to enhance awareness and labeling of ethanol and biodiesel fuel stations, and encourages companies to include E85 stations in updates of global positioning navigation software.

Daniels said, "We've made dramatic progress in renewable fuels development over the past year and we will continue to be aggressive in our pursuit of additional agribusiness investment." For more information, see the governor's April 25 press release (PDF 341 KB).

  User Comments  
There are currently no comments for this story. Be the first to add a comment!
Click here to add a comment about this story.
  Related Pages  
Blending Wind and Solar Meets Peak Energy Demands
... and California third. California is the leader in solar-generated electricity production. The most efficient storage system is one being used ... also have designed and tested wind/biodiesel hybrid systems that powered simulated electrical grids of remote ...
Air New Zealand Tests Biodiesel Blend in Jet Flight
... tested a Boeing 747-400 passenger jet powered partially by a biodiesel blend derived from a 2nd generation biofuel plant--the ... food resources. Technically, the fuel must be at least as good as the product used today, and it should be cost competitive with ...
From fat to fuel; Santa Cruz shares results from first-in-nation community-based biodiesel production
... 22,000 gallons of biodiesel in six weeks; plans 190,000 gallons next ... Action to pilot the 1st community-based biodiesel production initiative in the United States. Over ... being used to make 190,000 gallons of the B20 biodiesel blend -- enough fuel to fill ...
Oregon Requires Biofuel Blends in Both Gasoline and Diesel Fuels
... be blended with 2% biodiesel (a blend known as B2). The requirement for gasoline will take effect when Oregon's ethanol production reaches ... 20 million. A separate bill expands the residential energy tax credit to encourage the greater adoption of renewable ...
New Biodiesel Plant Being Built in Detroit
... Mercedes E320. The company delivers these vehicles to customers with a blend of biodiesel in the fuel tank. The new plant will ... . Biodiesel Industries builds, owns, and operates biodiesel production facilities in the U.S. and Australia. NextEnergy is a ...
Binational Collaboration Turns Restaurant Grease into Biodiesel
... biodiesel and tested different formulas to ensure a high quality product. The next step was to find area businesses willing to use ... a total of 1,000 gallons of biodiesel over 2 years. The biodiesel will be mixed with petro-diesel at a 20% blend for use ...
Tax Credit Programs Promote Coal-Based Power Generation Technologies
... and more productive use of our domestic energy resources, including coal, and nuclear power, and oil and natural gas. By using these reliable ... and request $2.3 billion in tax credits. Of these, 18 request credits for integrated gasification combined ...
Fuel Ethanol and Biodiesel Report
... , bulk truck, term contract, and splash blend, as well as wholesale rack biodiesel pricing. Readers can use it to track indicators of where prices are heading by following major costs for ethanol production and to keep up on pricing data for forwards ...
Biodiesel Distribution Expands via Blending at Fuel Terminals
... is now offering biodiesel at any blend level. To support the fuel terminal, Earth Biofuels opened a biodiesel production facility in ... , that stores approximately 40,000 gallons of pure biodiesel. The biodiesel is blended with diesel fuel at the facility as ...
Biodiesel Stations Open in New England
... Fleming, president of Fleming Oil. "These biodiesel benefits can be a product differentiator for retailers, helping to drive more business ... In December, Maine also welcomed a new pump that offers blended biodiesel to the public. The B20 pump is located at ...
Related Searches
tax credits retail sale integrated coal gasification power
indiana passes ethanol biodiesel gallon sales tax deduction ethanol production
blended biodiesel biodiesel production biodiesel blending  
  Green Tips  
Check to see if your refrigerator is airtight by closing the refrigerator door on a piece of paper or a dollar bill so that the paper or bill is half in and half out. If you can pull the paper out easily, your refrigerator is leaking air and losing energy, and the door seal may need to be replaced.
  Featured Report  
Trash & Recycling By Type of Packaging
View charts showing the trash generation and recycling rates of various containers and packaging

View Report >>

  Green Building  
Sustainable Building Advisor Program- The Next Great Step
Beyond LEED - check out The Sustainable Building Advisor Program....Read Complete Article >>

All Green Building Articles

  Related Headlines  

Solar panels 'ideal' green improvement for householders
Nearly half of householders (44%) claim to live in homes with draught problems and 24% are considering installing energy efficiency upgrades in the next year, according to a new survey. Home renewables such as solar panels were considered to be the ...
Why go green? To save money, say businesses
... impact and more than half have reported on their sustainability efforts. Jane Stevensen, Director of Sustainability at Grant Thornton UK said: “The research shows that across the world, CSR and broader business objectives are becoming more aligned. “The findings suggest that the benefits of adopting more environmentally and socially sustainable business practices are becoming ever more tangible, for example through tax relief on charitable activity or lower energy bills due to efficiency measures introduced.” ...
Yet another example of the "green energy" scam
Global warming, a.k.a. climate change, is the vehicle for the transfer of wealth. The fundamental characteristic of the global warming progeny is that green energy, green vehicles, green this and green that is that none of these "developments" is market based ...