Oregon House Passes Biofuels Bill; Credits and Renewable Fuel Standard
3 March 2007
The Oregon House passed a package of biofuels tax credits and a renewable fuel standard.
House Bill 2210 requires fuel retailers to sell gasoline blended with at least 10% ethanol once Oregon production exceeds 40 million gallons a year, and diesel blended with at least 2% biodiesel by volume—or other renewable diesel with at least 2% renewable component by volume—once production of biodiesel in the state reaches 15 million gallons a year.
The bill also directs that state-owned motor vehicles use alternative fuel to the maximum extent economically possible. State agencies in the future can only acquire motor vehicles capable of using alternative fuel, with some exceptions.
The bill also mandates the use of biofuel, or direct-application electricity generated from biofuel, where petroleum diesel in currently used for stationary or back-up generation.
Under the bill’s provision, consumers get tax breaks as well for filling up with E85 ethanol or B99 biodiesel. Individuals will receive tax credits equal to $0.50 per gallon, not to exceed $200 in any one year—for using those blends.
Individuals will also receive a tax credit for using B20 biodiesel in home heating of the lesser of five cents per gallon or $200.
The bill now goes to the Senate.
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