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Biodiesel Production Incentive (Arkansas)
Incentive/Active false  +
Incentive/Amt 0.10 per gallon  +
Incentive/ApplDsc Industrial  +
Incentive/AuthCode SB 363  +
Incentive/AuthDtEff 2003-01-01  +
Incentive/AuthDtEnact 2003-04-15  +
Incentive/AuthLink  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc 500,000 per year  +
Incentive/Name Biodiesel Production Incentive  +
Incentive/StartDate January 1, 2003  +
Incentive/StartDateString 2003-01-01  +
Incentive/Summary The Biodiesel Incentive Act, enacted in Ap …
The Biodiesel Incentive Act, enacted in April 2003, created a production incentive for qualified biodiesel producers and a tax credit for biodiesel suppliers in Arkansas. The Alternative Fuels Commission, created by HB 1306 (2003), awards biodiesel producers $0.10 per gallon for each gallon of pure biodiesel, with a maximum award of $500,000 per tax year. This incentive applies to tax years beginning on or after January 1, 2003. The biodiesel production incentive is funded by the Alternative Fuels Fund, also created by HB 1306 (2003). Under this legislation, an electric or natural gas utility may elect to contribute to the Arkansas Alternative Fuels Fund and the Arkansas Weatherization Assistance Fund. Each participating utility will be assessed $0.001 (one-tenth of one cent) per kilowatt-hour for power sold to residential customers, with a maximum assessment of $1.00 per person per month. The Alternative Fuels Fund will receive 30% of the total sum; the Weatherization Assistance Fund will receive 70%.
rization Assistance Fund will receive 70%.  +
Incentive/TechDsc Biodiesel +
Incentive/Type Performance-Based Incentive +
OpenEI/PageDescription Biodiesel Production Incentive: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Arkansas  + , Performance-Based Incentive  +
Place Arkansas: Energy Resources +
Website  +
Categories Financial Incentive Programs , Incentive with Authorities
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
18:12:11, 12 February 2015  +
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