The Car and Truck Fleet and Leasing Management Magazine

Missouri Senate Backs Biodiesel Fuel Mandate

April 16, 2007

JEFFERSON CITY, Mo. --- Missouri senators last week gave preliminary approval to a biodiesel fuel mandate and new tax incentives for the use of ethanol and biodiesel fuels. The bill, introduced by Senator Bill Stouffer (R-Napton), would require diesel fuel sold in the state to contain 5 percent biodiesel in April 2009, as long as its price didn't exceed the price of traditional diesel, according to a report in the Columbia Tribune newspaper. An existing state law, taking effect next January, will require most gasoline sold in the state to contain a 10 percent ethanol blend, as long as the price doesn't exceed regular gasoline. Stouffer's bill drew strong backing from Missouri's agricultural industry, which already supplies corn and soy beans for the production of these alternative fuels. After voting on the biodiesel mandate, the Senate also gave preliminary approval to 2008 income tax credits for people who buy biodiesel or an 85 percent ethanol-blend gasoline. The credits amount to 5 cents a gallon for biodiesel and 25 cents per gallon for ethanol. These tax credits would be capped at $500 per taxpayer and $500,000 total in Missouri, phasing out by 2012. The Senate also gave initial approval to a tax credit for buyers of hybrid vehicles, which would take effect next year. Those qualifying would get an income tax credit of up to $1,500 or 10 percent of the vehicle buying price, whichever is less. A third incentive drawing preliminary approval would waive the sales tax for 2008 purchases of E-85-equipped vehicles.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Mike Albert Fleet Solutions provides fleet management programs and consultation that help turn a fleet of vehicles into a strategy that can support company goals.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher