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2009 SESSION
SB 1357 Clean fuel vehicle job creation tax credit; adds advanced biofuels.
Introduced by: Emmett W. Hanger, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Clean fuel vehicle job creation tax credit; adds advanced biofuels. Expands the types of fuels to which the new jobs must relate in order to qualify for the credit by including fuels derived from any cellulose, hemicellulose, or lignin that is derived from renewable biomass or algae. The bill also reorganizes the definition of "job" and the list of approved job fields to simplify and clarify eligibility requirements for the tax credit.
SUMMARY AS INTRODUCED:
Clean fuel vehicle job creation tax credit; adds cellulosic biofuels. Expands the clean fuel vehicle job creation tax credit to include jobs created associated with the production of cellulosic biofuels, the conversion of vehicles from traditional fuels to cellulosic biofuels, and the manufacture of components for vehicles that utilize cellulosic biofuels. The bill also reorganizes the definition of "job" and the list of approved job fields to simplify and clarify eligibility requirements for the tax credit.