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Old 11-19-2004, 12:39 PM
pdxwaker pdxwaker is offline
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Join Date: Sep 2003
Location: Portland, OR
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Quote:
Originally Posted by phidauex
Look here for more discussion on the topic: http://forums.biodieselnow.com/topic.asp?TOPIC_ID=3772

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The bill is basically a federal excise tax credit (tax break) for commercial producers and distributers of biodiesel. If you sell road-taxed biodiesel your fuel taxes are lowered by one cent per percentage point of biodiesel per gallon. Hence, B20 (20% biodiesel, 80% petro-diesel) has its road taxes lowered by 20 cents per gallon. B100 is a full 1.00$ per gallon cheaper. The more commonly used B2 and B5 blends are two and five cents cheaper per gallon, respectively. That is a small amount to you and me, but it equates to thousands of dollars in savings.

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Actually the tax credit maxes out at $.20/gallon => B20 has road taxes reduced by $.20 and B100 has road taxes reduced by $.20.
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