Bill
HB 4721
Overview: HB 4721, "Transportation: motor fuel tax; incentives for the sale and production of biodiesel; provide for", was electronically reproduced on July 1, 2025. It was introdu
Overview: HB 4721, "Transportation: motor fuel tax; incentives for the sale and production of biodiesel; provide for", was electronically reproduced on July 1, 2025. It was introduced on March 13, 2025.
Purpose and Intent: The main purpose of this bill is to provide incentives for the sale and production of biodiesel fuel. This is intended to promote the use of renewable and environmentally-friendly transportation fuels.
Key Provisions:
- Amends the Income Tax Act to allow a tax credit for the sale of biodiesel fuel
- Establishes a tax credit for the production of biodiesel fuel
- Requires the Department of Treasury to promulgate rules to implement the new tax credits
Affected Parties and Impacts: This bill would benefit businesses involved in the sale and production of biodiesel fuel, as they would be eligible for the new tax credits. It could also encourage consumers to choose biodiesel over traditional fossil fuels, potentially reducing greenhouse gas emissions and environmental impact.
Procedural and Timeline Considerations: The bill has been electronically reproduced, indicating it has been introduced and is currently in the legislative process. The next step would be for the bill to be referred to a committee for further consideration and potential amendments.
Compiled from official sources — confirm details with the bill’s official record.
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