Sen. Proposes Bill To Promote Biogas Via Tax Breaks

Law360 (January 23, 2009, 12:00 AM EST) -- A Democratic U.S. senator has introduced legislation that promotes the development of biogas — a natural gas substitute created by converting agricultural, animal or other organic wastes — through tax incentives.

On Thursday, Sen. Benjamin E. Nelson, D-Neb., introduced the Biogas Production Incentives Act of 2009, a bill that encourages greater production of biogas for energy purposes by providing biogas producers with a tax credit of $4.27 for every million British thermal units of biogas produced, an incentive that could create more jobs for farmers, ranchers...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.