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Originally Posted by pdxwaker
Actually the tax credit maxes out at $.20/gallon => B20 has road taxes reduced by $.20 and B100 has road taxes reduced by $.20.
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Er... Not exactly.. But you are right, there are some maximums that I originally wasn't familiar with. It relates to whether or not the fuel is from recycled or virgin soy, and the amount of federal excise tax against it.. I'm not 100% sure how the maximums work out, but here is a bit more info from Yokayo biofuels:
http://www.livejournal.com/~ybiofuels/32754.html
Basically, for biodiesel blends, the bill removes up to 24.4 cents per gallon of excise tax, the credit for which is 1 cent per percentage point per gallon for soy biodiesel, and .5 cents per percentage point per gallon for recycle biodiesel blends. Hence, blends of greater than B24 for soy and B49 for recycled will not get more tax credit.
However, B100 distributers can receive an income tax credit (different from the federal excise credit) to the tune of 50 cents per gallon of recycled B100 and 1$ per gallon for soy B100.
Needless to say, complicated stuff... More info as I learn more.
peace,
sam