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Jul 11, 2006

Fuel Alternatives - USA - Michigan Enacts Biodiesel, Ethanol Tax Breaks

Mich.,USA -AP -10 July 206: -- Michigan Gov. Jennifer Granholm, signed into law Friday legislation lowering the state’s tax on biodiesel to 12 cents from 15 cents a gallon, and the tax on ethanol blends to 12 cents from 19 cents... Granholm also signed a bill that offers grants to gas station owners who want to sell biodiesel and ethanol-blended fuel... Ethanol is a gasoline additive made primarily from corn. Biodiesel is a made from renewable sources such as soybean oil... The Michigan House approved both bills in March...

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