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Homemade Bio-Diesel Maker In A Taxing Situation

An Eastern Iowan made his own fuel to save money, but now the state says not so fast. The state wants to make sure it doesn't miss out on its tax money...

...The tax would be 22 and a half cents a gallon. The same as diesel. He makes anywhere from five to twenty gallons of biodiesel a month. At the most, it would mean an additional four dollars to the state each month. Toal-Rossi says, "I'm not opposed to paying the tax, it's really the paperwork that's more of a hassle for me." [ full story ]

Never underestimate the inefficiency of the government. In Maryland, they give you a tax break (courtesy of the Soy Bean farmer lobby) for the use of Bio Fuels. This is one issue that needs to be addressed at the Federal level if we ever hope to ease our reliance on foreign oil.



was posted on AltEnergyStocks.com.


       

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