Bill Seeks Infrastructure Credit

Bipartisan legislation in the U.S. House of Representatives looks to offset the costs of setting up alternative fuel equipment at gas stations.

Introduced on July 31 by Rep. Stephanie Herseth Sandlin (D-SD) and Rep. John Shimkus (R-IL), the proposed legislation would increase the federal income tax credit that assists to offset the cost of alternative fuel infrastructure. The legislation would increase the existing federal income tax credit from $30,000 or 30 percent of the total cost of improvements to $100,000 or 50 percent of the total cost of needed alternative fuel equipment and dispensing improvements.

“Our automaker members have pledged to produce 50 percent of their total vehicle production as flexible fuel by 2012 if the infrastructure is available to support such vehicles,” says Phil Lampert, executive director of the National Ethanol Vehicle Coalition (NEVC). “Even though we now have 1,650 E85 fueling locations, this still represents less than 1 percent of the total gasoline fueling stations. We are convinced that if this proposal were adopted, the nation would have no less than 10,000 E85 fueling sites in a short period of time.”

The E85 and Biodiesel Access Act (H.R. 6734) is supported by NEVC, the American Coalition for Ethanol, the Renewable Fuels Association, the National Association of Convenience Stores, and the National Biodiesel Board.

Leave a Reply

Latest News
Crop InputsRepar Registers New Biopesticide With U.S. EPA
May 31, 2016
Repar Corp., with headquarters in Silver Spring, MD, has developed Homobrassinolide 0.1%, a new generation plant growth promoter containing homobrassinolide, Read More
Industry NewsAligned Ag Distributors Names New VP Market Development
May 31, 2016
Aligned Ag Distributors LLC announced this morning the appointment of Tim Krueger to the position of VP Market Development. Krueger Read More
FertilizerCreating The Proper Environment For Yield Increases Wit…
May 31, 2016
Finely tuned nutrient management plans are helping farmers throughout the U.S. improve nutrient use efficiency, increase return on investment (ROI) Read More
Industry NewsJ.R. Simplot Names New Wholesale Agriculture Sales Vice…
May 31, 2016
Doug Stone will be joining the J. R. Simplot Co. as vice president, Wholesale Agricultural Sales within the Simplot AgriBusiness Read More
Adjuvants loading
AdjuvantsISAA 2016 Highlights Adjuvant Trends
May 31, 2016
Adjuvants can significantly improve the performance of crop protection products. Farmers and formulators enhance the efficacy of sprays by using Read More
Monsanto Luling Plant
Eric SfiligojWhat’s Next For Monsanto?
May 31, 2016
For the folks at Monsanto’s headquarters in St. Louis, MO, it has been an eventful few weeks. Back on May Read More
Craig Houin Sunrise Cooperative iPad
Precision AgState Of Precision Ag 2016: Gut Check Time For Value
May 31, 2016
There’s no denying that precision technologies and practices are more vibrant than ever. Equipment manufacturers have fine-tuned the hardware for Read More
ManagementWashington Visit and Bayer/Monsanto Deal Update
May 26, 2016
Editors Paul Schrimpf and Eric Sfiligoj discusses a recent trip to DC and the latest news on the proposed pairing Read More
Fertilizer closeup in hand
Industry NewsVerdesian: Striking A Balance Between Yield & ROI
May 26, 2016
Finely tuned nutrient management plans are helping farmers throughout the U.S. improve nutrient use efficiency, increase return on investment (ROI) Read More
Crop InputsLand O’Lakes Announces Minnesota Water Quality Pa…
May 25, 2016
Governor Mark Dayton and Land O’Lakes, Inc. President and CEO Chris Policinski today announced a new public-private partnership to protect Read More
Soybean Plant closeup
Industry NewsMonsanto Rejects Bayer Bid; Open To More Talks
May 25, 2016
Monsanto Co, the world’s largest seed company, turned down Bayer AG’s $62 billion acquisition bid as “incomplete and financially inadequate” Read More
Corn close up
Crop InputsArysta LifeScience Establishes Global Headquarters In R…
May 25, 2016
Arysta LifeScience has announced plans to relocate its global headquarters from West Palm Beach, FL, to Cary, NC, over the Read More
fertilizer blending and storage, Top 100
BlendersCHS Dakota Expansion Features AGCO’s GSI InterSys…
May 25, 2016
The continued growth of precision agriculture has increased farmer use of customized fertilizer blends best-suited for their soil conditions. Several Read More
ManagementAgriculture 3.5: A Bumpy Road Ahead
May 24, 2016
You may have read my article a few years ago on Agriculture 3.0, which is a term I coined to Read More
Topcon’s X30 display with CropSpec sensors
EquipmentGPS Autosteer Systems: Product Updates From Precision A…
May 24, 2016
Throughout 2015 GPS Steering solutions continued to evolve from what was once an after-market add on, to today’s cab where Read More
Trimble TMX-2050 In-Cab Display
Eric SfiligojThe Precision Ag Revolution Continues
May 24, 2016
It’s funny how much “the first time” tends to mean to someone as they get older. I sometimes can’t recall Read More
Eric Wintemute, AMVAC
Precision AgAMVAC Ups The Ante With New Precision Ag Technology
May 24, 2016
A potentially industry-changing at-plant soil treatment system from American Vanguard Corp., or AMVAC, is coming soon to large growers in Read More
Dry and Liquid Plant
CropLife 100CropLife 100 Map
May 24, 2016
The new CropLife 100 map shows the locations of each of the headquarters of the 2015 CropLife 100 retailers. The interactive Read More