Modifies provisions relating to agricultural tax credits
What changed between versions
Nine new agricultural tax credit programs were added covering wood energy production, meat processing facilities, and other agricultural industries, replacing the single biodiesel program.
The original biodiesel blend fuel tax credit provisions were removed from the bill's primary focus.
New funding caps were established for the wood energy tax credit program, limiting total credits to six million dollars per fiscal year.
New definitions were added for wood energy producers, meat processing facilities, and meat processing modernization or expansion activities.
Biodiesel-specific definitions including biodiesel blend, biodiesel fuel, B99, distributor, and retail service station were removed.
The bill's effective dates and expiration provisions were updated to align with the new agricultural tax credit programs.