B100 Fuel, living on BioDiesel

You will find detailed points below, along with the list of cosponsors
for the House and Senate bills.

style="MARGIN-LEFT: 1in; TEXT-INDENT: -0.25in; color: #000066; font-family: Arial, Helvetica, sans-serif;">1.    We
strongly support legislation extending the biodiesel tax incentive. Extension
of the tax incentive will increase the nation’s energy independence and
protect air and water quality.

style="MARGIN-LEFT: 1in; TEXT-INDENT: -0.25in; color: #000066; font-family: Arial, Helvetica, sans-serif;">2. style="FONT: 7pt 'Times New Roman'">      In
the House, H.R. 2498, introduced by Reps. Kenny Hulshof (R-Mo.), Earl Pomeroy
(D-N.D) extends tax incentives for biodiesel production through 2010.

style="MARGIN-LEFT: 1in; TEXT-INDENT: -0.25in; color: #000066; font-family: Arial, Helvetica, sans-serif;">3. style="FONT: 7pt 'Times New Roman'">      The
tax credit, created as part of the Volumetric Ethanol Excise Tax Credit (VEETC)
was established as part of H.R. 4520, also known as the American JOBS Creation
Act of 2004.  President Bush signed the bill into law in October 2004;
it passed as a two-year program expiring at the end of 2006.  

style="MARGIN-LEFT: 1in; TEXT-INDENT: -0.25in; color: #000066; font-family: Arial, Helvetica, sans-serif;">4.   The
biodiesel tax incentive is structured as a federal excise tax credit that amounts
to 50 cents per gallon for biodiesel from recycled oils  and $1 per gallon
for “agri-biodiesel” made from first use feedstocks like soybean oil and
animal fats .

style="MARGIN-LEFT: 1in; TEXT-INDENT: -0.25in; color: #000066; font-family: Arial, Helvetica, sans-serif;">5. style="FONT: 7pt 'Times New Roman'">      As
a result of the VEETC, the ethanol and biodiesel industries have undergone
unprecedented growth over the past several years. In fact, the U.S. currently
has the capacity to produce more than 3.7 billion gallons of ethanol and biodiesel,
and plants under construction will add an additional 700 million gallons of
capacity by the end of the year. Most of this growth has been in farmer-owned
plants, which taken as a whole, now represent the single largest producer in
the country.

style="MARGIN-LEFT: 1in; TEXT-INDENT: -0.25in; color: #000066; font-family: Arial, Helvetica, sans-serif;">6.   Furthermore,
we support this important bill and hope Congress moves it as part of comprehensive
energy legislation. Extension of the biodiesel tax incentive is a vital and
necessary component of any energy policy designed to reduce our nation’s
dependence on foreign sources of petroleum.

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contact info for your Representative.

style="FONT-WEIGHT: bold">H.R.2498

Title: To
amend the Internal Revenue Code of 1986 to extend the tax incentives for the
use of biodiesel through 2010.

Sponsor: href="http://thomas.loc.gov/cgi-bin/bdquery/?&Db=d109&querybd=@FIELD(FLD003+@4((@1(Rep+Hulshof++Kenny+C.))+01492))">Rep
Hulshof, Kenny C. [MO-9] (introduced 5/19/2005)       href="http://thomas.loc.gov/cgi-bin/bdquery/z?d109:HR02498:@@@P">Cosponsors (41)

Related Bills: href="http://thomas.loc.gov/cgi-bin/bdquerytr/z?d109:SN01076:">S.1076

Latest Major Action: 5/19/2005
Referred to House committee. Status: Referred to the House Committee on Ways
and Means.

style="FONT-WEIGHT: bold">COSPONSORS(41), ALPHABETICAL [followed by
Cosponsors withdrawn]:     (Sort: href="http://thomas.loc.gov/cgi-bin/bdquery/z?d109:HR02498:@@@N">by date)

S.1076

style="FONT-WEIGHT: bold">Title: A bill to amend the Internal Revenue
Code of 1986 to extend the excise tax and income tax credits for the production
of biodiesel.

Sponsor: href="http://thomas.loc.gov/cgi-bin/bdquery/?&Db=d109&querybd=@FIELD(FLD003+@4((@1(Sen+Lincoln++Blanche+L.))+01570))"> class=SpellE>Sen Lincoln, Blanche L. [AR] (introduced 5/19/2005)       href="http://thomas.loc.gov/cgi-bin/bdquery/z?d109:SN01076:@@@P">Cosponsors (8)

style="FONT-WEIGHT: bold">Related style="FONT-WEIGHT: bold"> Bills: href="http://thomas.loc.gov/cgi-bin/bdquerytr/z?d109:HR02498:">H.R.2498

Latest Major Action: 5/19/2005
Referred to Senate committee. Status: Read twice and referred to the Committee
on Finance.

style="FONT-WEIGHT: bold">COSPONSORS( style="FONT-WEIGHT: bold">8), ALPHABETICAL [followed by Cosponsors
withdrawn]:     (Sort: href="http://thomas.loc.gov/cgi-bin/bdquery/z?d109:SN01076:@@@N">by date)

============================================

Mark M. Palmer

Washington Representative

Gordley Associates

600 Pennsylvania Avenue, SE

Suite 320

Washington, DC 20003

202.969.7040 (phone)

202.969.7036 (fax)

mpalmer@gordley.com