KPMG report - Excise tax for biodiesel, renewable diesel and related tax incentives 

December 23: Taxpayers involved in activities related to biodiesel and renewable diesel are reminded that—in addition to being able to take advantage of tax incentives available in the form of income tax credits and excise tax credits and payments—they may also have federal excise tax responsibilities and incur federal excise tax liability with respect to biodiesel or renewable diesel that is treated as diesel fuel.

Read a December 2013 report [PDF 201 KB] prepared by KPMG LLP: What’s News in Tax: The Basics of Biodiesel and Renewable Diesel: Tax Incentives and Excise Taxation

This KPMG report discusses the tax incentives available and provides an overview of the rules for the excise taxation of diesel fuel and the application of those rules to biodiesel and renewable diesel.

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