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Bio-fuel (Pellet Plants) in the Bail Out Plan? Good for us?

Post in 'The Pellet Mill - Pellet and Multifuel Stoves' started by ernie, Oct 4, 2008.

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  1. ernie

    ernie Member

    Joined:
    Nov 21, 2005
    Messages:
    67
    Loc:
    Missouri
    I just stumbled on this on the Taxpayers for Common Sense website. They were commenting about some of the tax extensions in the new law. I wonder if this is something new that will help create new pellet mills with more tax money. It looks like something new to me.
    Any comments?
    Ernie

    http://www.taxpayer.net/resources.php?category=&type=Project&proj_id=1429&action=Headlines By TCS


    Sec. 201. Inclusion of cellulosic biofuel in bonus depreciation for biomass ethanol plant property

    Current law allows taxpayers to write-off 50% of the cost of any facility placed in service before January 1, 2013 that produces cellulosic ethanol. This provision expands the types of facilities that may be written-off to include production of other cellulosic biofuels in addition to cellulosic ethanol.

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  2. webbie

    webbie Seasoned Moderator Staff Member

    Joined:
    Nov 17, 2005
    Messages:
    12,327
    Loc:
    Western Mass.
    I think we need the lawyers to look at it!

    Our trade org is likely to come out with some kind of analysis in the near future. I'll post the results........some members here may know more (dealers, etc.) because they stay very informed.

    If nothing else, this will help the pellet supply in the long run. I'm going to move this to the Pellet Room for now because more people will see it.
  3. globewyre

    globewyre Member

    Joined:
    May 24, 2008
    Messages:
    87
    Loc:
    North, NJ
    Bio-fuel plant incentives hopefully will increase pellet supplies next year. The pellet tax credit will help with the stove cost recovery.
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