News, events, discoveries, commentary, and biodiesel community goings-on.
Wednesday, March 25, 2009
Tax Credit for Biodiesel Equipment Increased to 50%!
The new stimulus bill passed in Feb '09 has increased the Alternative Fuel Infrastructure Tax Credit to 50% of the cost of equipment (such as BioPro processors!) used to refuel vehicles for a business and $2000 for individuals. More detailed info in this pdf document; also see IRS Form 8911 for details- this is the form you'd need to file to get the credit. Read about other new incentives for Biodiesel in this article from Biodiesel Magazine.