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May 01, 2006
And Iowa makes three
The NBB today reported that Iowa passed the RFS out of both houses and it awaits the governor signature who says it will be signed. That makes three states biodiesel mandates. This one has some other tasty treats like a 3 cent per gallon incentive and a MUCH higher goal down the road. love it.
In 14 years, Iowa could be a quarter of the way to energy independence. In April, the Iowa House passed the Iowa Renewable Fuel Standard, a move that sends the bill to Governor Vilsack for final approval. The bill includes a biodiesel tax credit, ethanol tax credits and a renewable fuel goal of 25 percent by the year 2020. House File 2754, also approved on the Senate side, contains many provisions that benefit biodiesel, some of which include: a three cent-per-gallon biodiesel tax credit until 2012; a requirement of 50 percent or more of total diesel sales be biodiesel blended fuel (B2 or higher) for retailer eligibility; retroactive application of the biodiesel tax credit program to January 1, 2006; increases penalty for advertising or selling non-certified biodiesel blends; and a reporting system to track biodiesel sales in Iowa.
Posted by Martin at May 1, 2006 07:42 PM
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