Louisiana state Senate committee advances on expanded clean energy vehicle tax credit

In Louisiana, a state Senate committee has advanced a proposal that would increase a tax credit to 50 percent for the cost of converting vehicles to renewable fuels or power. The Revenue and Fiscal Affairs Committee agreed to move forward the proposal, which raises the credit from 20 percent for conversions to the use of natural gas, biofuels, or green power.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Rhode Island senate committee OKs extension of biodiesel tax credit

In Rhode Island, the state Senate finance committee voted in favor of a bill that extends biodiesel tax exemption to blended biodiesel fuels. The current biodiesel tax exemption, worth 30 cents per ga...

Senate Agricultural Committee approves $280 billion Farm Bill

In Washington, the Senate Agriculture Committee on Thursday approved its version of the five-year, $280 billion farm bill. The bill earmarks $1.3 billion for biofuels over the next five years, and ...

US Senate to take up Farm Bill on October 23; agriculture committee may cut corn ethanol subsidies, increase research spending

The US Farm Bill is taking shape, with the Senate expected to begin debate on October 23. The House Bill passed in July. The Senate passed an overall funding measure on October 5, but the Agriculture ...

Stalled Farm Bill now includes $1.226 billion cut in ethanol incentives

In Washington, negotiations over the stalled Farm Bill have put existing ethanol incentives in peril, according to House Agriculture Committee chairman Collin Peterson. The chairman said that, in orde...

Ethanol tax credit to drop to 45 cents per gallon in Farm Bill compromise

In Washington, the tax credit for ethanol is ready to drop from 51 cents per gallon to 45 cents and a special tax credit will be developed for second-generation biofuels, after a compromise was reache...

Sen. Domenici proposes Farm Bill amendment with 15 bilion gallon ethanol mandate for 2015

Senator Pete Domenici (R- New Mexico) proposed an amendment to the 2007 Farm Bill mandating 15 billion gallons of ethanol usage by 2015. The Senator, the ranking Republican on the Energy Committee, sa...