SB 3 (BR 65) - G. Tapp, D. Boswell, P. Herron Jr, V. McGaha, J. Pendleton, J. Rhoads, R. Roeding, K. Stine
AN ACT relating to tax credits for biodiesel.
Create new sections of KRS Chapter 142 to provide nonrefundable tax credits of one dollar per gallon for biodiesel producers, two cents per gallon for blenders, and one cent per gallon for retailers of biodiesel fuel; limit total credits available each year for each group (producers, blenders, retailers) to one million dollars; EFFECTIVE January 1, 2005.
(Prefiled by the sponsor(s).)
Jan 6-introduced in Senate
Jan 8-to Appropriations and Revenue (S)