| | | 5.__Application.__This section applies to tax years | | beginning on or after January 1, 2004. |
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| | | This bill is intended to promote the production and use of | | fuels derived from agricultural and forest resources, | | byproducts and wastes, replacing products that are currently | | derived from petroleum, coal, natural gas or other forms of | | fossil carbon. The bill provides an income tax credit of 5¢ | | per gallon for the production of liquid fuels from biomass. |
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