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Georgia Governor Sonny Perdue this week proposed a sales tax exemption for materials and equipment used in the construction of biofuel facilities in Georgia. According to a press release from the governor’s office, the four percent tax incentive, an annual savings of $2 to 4 million, will be available to facilities producing and processing certain biofuels (ethanol, biodiesel and butanol) derived from Georgia-grown agriculture products and biomass. The governor made the proposal at the site of BullDog BioDiesel LLC, which is converting a former Goodyear tire plant into a 15 million-gallon-per-year biodiesel plant in the metro Atlanta community of Ellenwood. (read more) 
Another company that could benefit from the tax incentives is Xethanol which recently purchased a former Pfizer pharmaceutical manufacturing complex to construct a 50 million gallon per year cellulosic ethanol plant in Augusta, Georgia. (see previous post)
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November 6th, 2006 at 6:20 pm
[...] A Georgia Farm Bureau committee adopted a proposal to cut the sales tax on the sale and production of ethanol and biodiesel (see previous post) to present to the membership in its December meeting. [...]
August 2nd, 2007 at 9:57 am
I think it is a wonderful idea to offer incentives to companies promoting biodiesel intiatives. We are trying to educate truckers on the benefits and availability of biodiesel at our annual Truckers’ Conference. We invite Industry leaders to join our effort by attending and presenting a seminar that will allow truckers and business owners to leave with a better understanding of the benefits to switching over to biodiesel. We are considering moving our conference, which is now held in Florida, to Georgia as early as May of 2008. Would appreciate some feedback.