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.