CORPORATE TAX BILL PROVIDES INCENTIVES FOR MEETING EPA DIESEL RULE

October 21, 2004
Small oil refiners will likely receive tax breaks to comply with EPA regulations capping the sulfur content of diesel fuel used by trucks, under a provision included in a major corporate tax bill that President Bush is expected to soon sign into law. The tax credits have long been sought by petroleum refiners, who say the costly new EPA rule is hurting small refiners' ability to compete in the marketplace. The provision, which was originally part of stalled energy legislation,...


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