TO: | Honorable David Dewhurst, Lieutenant Governor, Senate Honorable Joe Straus, Speaker of the House, House of Representatives |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2582 by Gonzalez Toureilles (Relating to the production and taxation of renewable diesel fuel.), Conference Committee Report |
The bill would amend the Tax Code Code to exempt renewable diesel from the diesel fuel tax.
The bill would amend the Agriculture Code to include renewable diesel in the Fuel Ethanol and Biodiesel Production Incentive Program.
The Comptroller of Public Accounts indicates that the effect of the motor fuel tax exemption for renewable diesel cannot be estimated, because it is not possible to forecast how many gallons, if any, of the fuel would be used to propel motor vehicles on public roads.
The Department of Agriculture indicates that any costs associated with the bill could be absorbed within the agency's existing resources.
The bill would take effect immediately if it receives a vote of two-thirds of all members elected to each house; otherwise it would take effect September 1, 2009.
Source Agencies: | 304 Comptroller of Public Accounts, 551 Department of Agriculture
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LBB Staff: | JOB, SD, ZS, AH, KK
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