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The Energy Policy Act of 2003 (HR6) included:
- Renewable Fuel Standard (RFS): A similar version to the Senate's RFS legislation (S. 791) was part of the drafted 2003 Energy Bill. It requires that 5 billion gallons of renewable fuel be used in the nation's fuel supply by 2012, establishes a national ban on MTBE, and eliminates the Clean Air Act's 2 percent oxygenate standard for reformulated fuels.
- Renewable Energy Production Tax Credit (PTC) (PDF 406 KB) Download Acrobat Reader: The PTC for renewable energy expired at the end of 2003. In the draft 2003 Energy Bill, the wind and biomass energy production tax credit would be extended through January 1, 2007.
- Excise Tax Exemption for Biodiesel (PDF 43 KB): The Senate recently passed a Transportation bill containing a biodiesel tax incentive that is virtually identical to the one that was in the Senate's version of the 2003 Energy bill. The bill provides an income tax credit and excise tax rate reduction for biodiesel fuel mixtures. These new incentives will encourage the production of biodiesel.
- Renewable Portfolio Standard (RPS): The drafted Energy Policy Act of 2003 (H.R. 6) did not include a renewable electricity standard. However, a version passed by the U.S. Senate had an RPS that would have increased sales of electricity from renewable sources to 10% by 2020 (see a comparison of Energy Legislation) (PDF 236 KB).
Resources for Information on Pending Legislation
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