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View Full Version : Alternative fuel plants to get tax breaks.


xcel
07-14-2006, 07:08 PM
Bill temporarily sets alternative fuel taxes 7 cents a gallon below those of regular fuels. (http://www.detnews.com/apps/pbcs.dll/article?AID=/20060714/POLITICS/607140336/1148/AUTO01)

Gary Heinlein - The Detroit News - July 14, 2006

http://www.cleanmpg.com/photos/data/501/Bakersfield_Bio-Diesel_Plant.jpg
New Biodiesel reactor helped by tax breaks.

LANSING - Gov. Jennifer Granholm has signed bills into law giving tax breaks to plants that convert crops into fuel, reducing the minimum hunting age to 10 and barring steroid use by high school students.

Those are among dozens of measures she has approved since the Michigan Legislature wrapped up work for the first half of the year at the end of June.

Granholm and lawmakers say alternative fuels that combine gas or diesel with ethanol from corn, wood fiber or soy beans will reduce U.S. dependence on foreign oil. Investors plan at least five Michigan plants that will blend such products as E85, which is 85 percent ethanol and 15 percent gasoline.

Automakers support the effort. Sue Cischke, a vice president at Ford Motor Co., said Ford is "increasing our commitment to produce flexible-fuel vehicles that can run on ethanol (E85)."

The package of bills temporarily sets alternative fuel taxes 7 cents a gallon below those of regular fuels. It calls for a commission to promote renewable energy.



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