Domestic Fuel

Nearly a dozen states passed legislation this year that will help increase the use of biodiesel, according to the National Biodiesel Board. Among them was Iowa, where Gov. Tom Vilsack today signed into law two renewable fuels and infrastructure bills. One will give point-of-sale retailers a three cent income tax credit on each gallon of a two percent (B2) blend or higher. The second bill establishes a renewable fuels standard, saying sales of ethanol or biodiesel must equal 25 percent of a retailer’s fuel sales by 2020.
Other states which passed some kind of legislation favorable to biodiesel are New York, Washington, Colorado, Arizona, Hawaii, Maryland, Kansas, Arkansas, California, Indiana and Virginia.