Indiana HB1127 provides tax credits for the sale and blending of biodiesel and renewable diesel fuels in Indiana.

Indiana HB1127 introduces tax credits for biodiesel and renewable diesel fuels in Indiana. It provides credits for the sale of higher ethanol blends, blended biodiesel, and renewable diesel, as well as for the blending of biodiesel and renewable diesel. The credits are calculated based on the percentage of biodiesel or renewable diesel in the fuel and the volume sold. The credits can be used against state tax liability and can be carried over to subsequent years if unused. The total amount of credits that can be awarded for a fiscal year is capped at $10,000,000.

Indiana HB1127 provides tax credits for the sale and blending of biodiesel and renewable diesel fuels in Indiana.

Indiana HB1127 introduces tax credits for biodiesel and renewable diesel fuels in Indiana. It provides credits for the sale of higher ethanol blends, blended biodiesel, and renewable diesel, as well as for the blending of biodiesel and renewable diesel. The credits are calculated based on the percentage of biodiesel or renewable diesel in the fuel and the volume sold. The credits can be used against state tax liability and can be carried over to subsequent years if unused. The total amount of credits that can be awarded for a fiscal year is capped at $10,000,000.