Skip to main content
House Bill 1031


House Bill 1031

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


Biodiesel tax credits. Increases the limit on tax credits for biodiesel and blended biodiesel producers from $1,000,000 to $5,000,000. Provides that the tax credits are in addition to any federal tax credit a producer may receive. Provides that taxpayers that sell blended biodiesel to end users in Indiana are entitled to tax credits not to exceed $5,000,000. (Current law limits total credits to $1,000,000 for blended biodiesel dealers that sell and dispense blended biodiesel from metered pumps.) Repeals two definitions that are not used in the amended biodiesel credit law.
Current Status:
 In Committee - first House
>Latest Printing > (PDF)