SB 519
Modifies provisions relating to tax credit for the production of biodiesel fuel
Sponsor:
LR Number:
1820S.02I
Last Action:
3/28/2023 - Hearing Conducted S Agriculture, Food Production and Outdoor Resources Committee
Journal Page:
Title:
Effective Date:
August 28, 2023

Current Bill Summary

SB 519 - Current law authorizes a tax credit for the production of biodiesel fuel, with the maximum amount of tax credits that may be authorized in a fiscal year limited to $4 million. This act removes such annual limit and removes a provision requiring the Department of Revenue to apportion tax credits among biodiesel producers applying for such tax credits.

JOSH NORBERG

Amendments

No Amendments Found.