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For tax years beginning after December 31, 2004, and before January 1, 2013, a biodiesel (B100) production facility is allowed a credit of $0.20 per gallon of biodiesel produced. An eligible biodiesel facility must produce at least 25% of its nameplate design capacity for at least six months after the first month for which it is eligible to receive the credit, on or before December 31, 2008. Reference House Bill 1956, 2008, and Oklahoma Statutes 68-2357.67). Reference SB 1267 for moratorium on tax credits from July 1, 2010 through June 30, 2012 which includes biodiesel fuel production. HB 2626 provides a statutory definition for biodiesel that includes the ASTM fuel specification.
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