Snyder, Jim
May 2007
Hill;5/17/2007, Vol. 14 Issue 59, p3
The article reports that Rep. Lloyd Doggett is planning to propose a bill on renewable diesel tax credit in the U.S. The credit encourages production of clean-burning, biodegradable fuel. This would reverse the Internal Revenue Service (IRS) ruling that allows oil companies claim a $1-a-gallon tax credit by adding animal fat to traditional refining processes. The ruling may raise credit cost which then added to the Energy Policy Act of 2005 to benefit a company that produce diesel fuel.


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