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11/3/05-Rep. Tom Boone, R-Glendale, said he plans to introduce a bill during the 2006 regular session that would encourage the use of biodiesel and provide incentives to produce it in the state.
Biodiesel is made from vegetable oils or animal fats. It is biodegradable and non-toxic and has much fewer emissions that petroleum-based diesel when burned. Biodiesel can be used in existing diesel engines.
The proposed legislation also would waive the 18-cent fuel tax on biodiesel sales for seven years.
In addition, it would set the property tax ratio for any biodiesel and ethanol production facilities at 10 percent instead of the usual commercial rate of 25 percent.
Biodiesel is made from vegetable oils or animal fats. It is biodegradable and non-toxic and has much fewer emissions that petroleum-based diesel when burned. Biodiesel can be used in existing diesel engines.
The proposed legislation also would waive the 18-cent fuel tax on biodiesel sales for seven years.
In addition, it would set the property tax ratio for any biodiesel and ethanol production facilities at 10 percent instead of the usual commercial rate of 25 percent.