Biofuel station incentive bill introduced in congress

While production of biofuels has been steadily increasing in recent years, retail availability has been growing at a much slower rate with just over 1,600 E85 stations now in operation. Representatives Stephanie Herseth Sandlin (D-SD) and John Shimkus (R-IL) have introduced a bill in Congress to provide incentives to station owners to install biofuel pumps. The bill would increase the tax credit from 30 percent of the incremental cost of biofuel pumps to 50 percent of the total cost. It would also increase the maximum claim from $30,000 to $100,000. The new rules would apply to both E85 and biodiesel pumps.


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