Michigan HB4721 amends the motor fuel tax to provide credits for biodiesel sales and production.
Michigan HB4721 amends the motor fuel tax to provide credits for biodiesel sales and production. It introduces a tax credit for biodiesel blends sold by retail dealers and produced within the state. The credit varies based on the biodiesel blend percentage, with a cap on the total credits allowed. The credits are applicable for tax years from 2025 to 2030, encouraging the use and production of biodiesel.
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