If you're the Ned Flanders type who just loves to get your taxes done early, we've got the post for you. The IRS has prepared a document on the changes to the tax code that biodiesel and cellulosic biofuel producers need to be aware of. If you know that ASTM D 6751 biodiesel standard was revised, but don't know what the revision means for you, then you should download the paper (PDF).
As for cellulosic biofuels, some producers can get an income tax credit if the fuel meets the requirements of section 211 of the Clean Air Act. This credit applies to fuels made after Dec. 31 (next week) and sold before the end of 2012.

[Source: IRS via Domestic Fuel]


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