Manitoba Eliminates Taxes on BioDiesel

WINNIPEG - Mar 9/06 - SNS -- Manitoba has eliminated all provincial taxes on Manitoba-produced pure biodiesel in Budget 2006 to further spur development of this clean-energy alternative, Agriculture, Food and Rural Initiatives Minister Rosann Wowchuk and Energy, Science and Technology Minister Dave Chomiak announced today.

"The elimination of the tax on biodiesel further demonstrates our government's commitment to find innovative solutions to the issues of climate change and rural economic development," Wowchuk said.

"The expanded biodiesel tax advantage builds on the biodiesel action plan announced in November designed to make biodiesel part of Manitoba's clean energy plan along with hydro, wind, ethanol and geothermal," Chomiak said.

Effective immediately the province will cease to collect both the road tax and provincial sales tax on pure biodiesel that meets the American Society for Testing and Materials (ASTM) fuel-quality standard. The incentive will remain in place for five years to give the industry time to grow.

Subscribers can read the full text of the article by Clicking here