Bill Seeks to Encourage Alt-Fuel Development in Kentucky
February 19, 2007
• by Staff
FRANKFORT, Kentucky --- Kentucky House Majority Leader Rocky Adkins is backing legislation that would provide tax incentives to encourage more alternative fuel development in the state. The energy proposal, which cleared the House last week and is pending in the Senate, also calls for the state fleet to convert at least 50 percent of its light-duty vehicles to alternative fuels.
The legislation's goal is to build the foundation for a new energy industry in Kentucky.
According to an AP report, the proposal seeks to offer tax incentives for companies that agree to build alternative fuel or renewable energy facilities in Kentucky. Manufacturers could also qualify for tax credits by purchasing energy-saving equipment.
Originally posted on Fleet Financials