SB118
Type: B Origin: Senate New Mexico Comments: 0

Dyed Agricultural Diesel Fuel Tax Credit

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The "Dyed Agricultural Diesel Fuel Tax Credit" bill proposes to provide a tax credit for dyed diesel fuel used in farming operations. The main purpose of the bill is to support farmers by reducing their fuel costs. It offers a credit for each gallon of dyed diesel fuel used for agricultural purposes. This credit aims to alleviate financial burdens on farmers and encourage the use of dyed diesel fuel in agricultural activities. The bill could have a significant impact on the agricultural sector by making fuel more affordable for farmers and promoting sustainable practices within the industry.

Bill Activity

  • 2024-01-18: Sent to SCC - Referrals: SCC/STBTC/SFC

  • 2024-01-22: SCC: Reported by committee to fall within the purview of a 30 day session

  • 2024-01-22: Action Postponed Indefinitely

Issaquah, WA Ratings
C
Overall Ratings
B

Overall Bill Rating

0.0
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