New energy legislation in the state of Florida became law April 14 despite Florida Gov. Rick Scott’s failure to sign the bill. The legislation, HB 7117, contains several measures aimed to encourage the development and expansion of the renewable energy sector within the state, including biofuels production and distribution. The bill also addresses policies and restrictions for growing certain strains of algae and cyanobacteria.
The bill specifically addresses biodiesel, ethanol and renewable fuel, which is defined as a fuel produced from biomass that is used to displace fossil transportation fuels. Under the legislation, a sales tax exemption is established for materials used in the distribution of B10-B100, E10-E100 and other renewables.
The bill specifically addresses biodiesel, ethanol and renewable fuel, which is defined as a fuel produced from biomass that is used to displace fossil transportation fuels. Under the legislation, a sales tax exemption is established for materials used in the distribution of B10-B100, E10-E100 and other renewables.
