BioDiesel folks in NC, beware...
BioDiesel folks in NC, beware...
I just read this story and couldn't believe it. The two main points of this story really bother me. For one, this guy should be exempt. Two, I personally believe it's not cool at all going to a race and dipping tanks. You'll see what I mean... Just read the story.
http://www.newsobserver.com/news/story/599471.html
http://www.newsobserver.com/news/story/599471.html
It seems I've had the wrong impression all these years on the tax thing. It has been my understanding that the tax was collected from fuel that was sold. This man was using fuel he produced. Just another insane way that our government seems to misconstrue someone who is trying to help break us away from depending on foreign oil. What a shame.
Government has been bought & paid for by all kinds of buis. , there are many things that indicate to me that the oil/truck [ no longer own a car ] companies are actively working against alt energy anything , bio diesel has lower emissions - so use it instead of all the garbage they put on newer trucks , making for worse millage , some of those , so called improvements , make it more difficult to use alt fuels [ bio - polymerizing ] ,
Then if you want to make it your self , methanol going from around a dollar something to as high as over $8 , some are finding it for .
War for oil is buis , military industrial complex = golden rule = those that own the gold rule .
Oh don't get me started .
Then if you want to make it your self , methanol going from around a dollar something to as high as over $8 , some are finding it for .
War for oil is buis , military industrial complex = golden rule = those that own the gold rule .
Oh don't get me started .
There are some folks that say you can produce and use up to 400gal a year of your own fuel before its taxable, but until I see that in writing I wont count on it.
So this guy has to have a second tank for the vegetable oil... likely without a fill cap on the outside of the car. Wonder why he opened the trunk to let them dip it?
Sounds like honesty does not pay when you are confronting the tax man.
So this guy has to have a second tank for the vegetable oil... likely without a fill cap on the outside of the car. Wonder why he opened the trunk to let them dip it?
Sounds like honesty does not pay when you are confronting the tax man.
It seems I've had the wrong impression all these years on the tax thing. It has been my understanding that the tax was collected from fuel that was sold. This man was using fuel he produced. Just another insane way that our government seems to misconstrue someone who is trying to help break us away from depending on foreign oil. What a shame.
Nope it is technically a user tax for the highway system. On the farm we buy offroad diesel that is dyed red and is Non taxed. It used to be if you used any of the Gas or Diesel from the farm for any road travel you were supposed to report it and pay taxes accordingly. That was rarely enforced unless you were caught excessively abusing it.
My understanding on veggie fuel is that you have around 400 gallons that are tax exempt and after that you were supposed to pay road tax. maybe I am wrong after reading this. I guess before I consider this I may want to read up on the clear as mud regs.
Biodiesel/Alternative Fuels
Small producer biodiesel and ethanol credit. This credit will benefitsmall agri-biodiesel producers by giving them a 10 cent per gallon tax credit for up to 15 million gallons of agri-biodiesel produced. In addition, the limit on production capacity for small ethanol producers increased from 30 million to 60 million gallons. This is effective until the end of 2008.
Credit for installing alternative fuel refueling property. Fueling stations are eligible to claim a 30% credit for the cost of installing clean-fuel vehicle refueling equipment, (e.g. E85 ethanol pumping stations). Under the provision, a clean fuel is any fuel that consists of at least 85% ethanol, natural gas, compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen and any mixture of diesel fuel and biodiesel containing at least 20% biodiesel. This is effective through December 31, 2010.
Small producer biodiesel and ethanol credit. This credit will benefitsmall agri-biodiesel producers by giving them a 10 cent per gallon tax credit for up to 15 million gallons of agri-biodiesel produced. In addition, the limit on production capacity for small ethanol producers increased from 30 million to 60 million gallons. This is effective until the end of 2008.
Credit for installing alternative fuel refueling property. Fueling stations are eligible to claim a 30% credit for the cost of installing clean-fuel vehicle refueling equipment, (e.g. E85 ethanol pumping stations). Under the provision, a clean fuel is any fuel that consists of at least 85% ethanol, natural gas, compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen and any mixture of diesel fuel and biodiesel containing at least 20% biodiesel. This is effective through December 31, 2010.
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That's why I dont belive the current administration stance: "America needs to be foreign oil independant". If that is a policy they truely believed in, then they should have this guy at the Capital making a speech. Oops I think big brother is watching my key strokes, I better shut up now......
Hate to say this but someone has to pay for the new roads and maintaining them.
It's one thing to have a free source of fuel which is great, but driving on a public road and not paying your fair share is another.
And these electric/battery powered cars will have a rude awakening once the gov figures it out. Rumor has it pay by the mile.
MikeyB
It's one thing to have a free source of fuel which is great, but driving on a public road and not paying your fair share is another.
And these electric/battery powered cars will have a rude awakening once the gov figures it out. Rumor has it pay by the mile.
MikeyB
sure they are, aren't the batteries are charged directly by the gasoline engine and/or by the momentum that it creates?
My understanding about bio is that you can make 400 gallons per quarter for your own use, tax and hassle free, at least from the federal point of view.
the only reason this or any other administration in recent history talks about being not reliant on foreign oil is for the sole purpose of letting their pals drill in ANWR. Then they will ship that oil abroad to the highest bidder, leaving us still dependent on imports wherever we can get them.
i'll shut up now too!
the only reason this or any other administration in recent history talks about being not reliant on foreign oil is for the sole purpose of letting their pals drill in ANWR. Then they will ship that oil abroad to the highest bidder, leaving us still dependent on imports wherever we can get them.
i'll shut up now too!
Yes it sucks that they sell Alaska oil to Japan or who ever and then buy more oil some place else to replace what was sold. I guess they get more $$$$$ by selling it over seas then they can shipping it to a US refinery. I guess USA oil is worth more the Middle East oil!






