Governor proposes tax incentive for biofuel

Governor proposes tax incentive for biofuel
Bizjournals.com - Charlotte,NC,USA
... an annual savings of $2 million to 4 million, will be available to facilities producing and processing certain biofuels (ethanol, biodiesel and butanol ...

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Georgia Gov. Sonny Perdue today proposed a sales tax exemption for materials and equipment used in the construction of biofuel facilities in Georgia.

The 4 percent tax incentive, an annual savings of $2 million to 4 million, will be available to facilities producing and processing certain biofuels (ethanol, biodiesel and butanol) derived from Georgia-grown agriculture products and biomass.

The governor made the proposal at the site of BullDog BioDiesel LLC, which is constructing a 15 million-gallon-per-year biodiesel plant in the metro Atlanta community of Ellenwood and will employ approximately 15 people.

"My commitment is to provide state leadership for serious, sustained development of alternative fuel sources in Georgia," said Perdue. "It is vitally important that we decrease our dependence on foreign oil. New alternative fuel production facilities are proving that with leadership and innovation this can be done."

A number of other companies have recently started construction on or proposed biodiesel and ethanol plants in Georgia.

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