Tax Benefits and Constraints
Food-based ethanol projects have had financial difficulty, because the incentives from the Farm act of 2008 emphasize cellulosic biomass to ethanol. Incentives include a $1/gallon tax credit, loan guarantees, and grants or funds available for small operations. State incentives include tax incentives and a business development department. Second generation ethanol is a priority for permitting by health officials.
A 100% state tax credit for high tech and new generation ethanol may be reduced or abolished.
Read more about this topic: Ethanol Fuel In Hawaii
Famous quotes containing the words tax, benefits and/or constraints:
“I come into the peace of wild things
who do not tax their lives with forethought
of grief.”
—Wendell Berry (b. 1934)
“I do seriously believe that if we can measure among the States the benefits resulting from the preservation of the Union, the rebellious States have the larger share. It destroyed an institution that was their destruction. It opened the way for a commercial life that, if they will only embrace it and face the light, means to them a development that shall rival the best attainments of the greatest of our States.”
—Benjamin Harrison (1833–1901)
“The analogy between the mind and a computer fails for many reasons. The brain is constructed by principles that assure diversity and degeneracy. Unlike a computer, it has no replicative memory. It is historical and value driven. It forms categories by internal criteria and by constraints acting at many scales, not by means of a syntactically constructed program. The world with which the brain interacts is not unequivocally made up of classical categories.”
—Gerald M. Edelman (b. 1928)