The American Jobs Creation Act of 20041 authorized a new nonrefundable income tax credit for biodiesel fuels2 which is actually the sum of two credits3 – the “biodiesel mixture credit”4 and the “biodiesel credit.”5 The resulting credit is treated as a general business credit.6 The biodiesel fuels credit is added to the list of qualified business credits that qualify for a deduction if they remain unused at the end of the applicable carryforward period.7
Harl, Neil E.
"Handling the New Biodiesel Fuels Credit,"
Agricultural Law Digest: Vol. 16
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol16/iss9/1