Announcement

Collapse
No announcement yet.

Get Paid to Drive!!! Another reason to own a Vegistroke

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Get Paid to Drive!!! Another reason to own a Vegistroke

    Holy crap, life just got sweet for a lot of us without even knowing it. This was just brought to our attention by one of Nebraska business owners customers. Apparently as a part of this big 700gazzillion $$$$$ package, there was a little known incentive that passed that offers business owners a $1.00/gn tax credit for yellow grease. Yes that means that if you get your oil for free or pennies, you can get a 1.00gn credit making your fuel less than free. I am sure there are a few stipulations that we will be looking into but it is fact and can be read about here- http://www.biodieselmagazine.com/art...rticle_id=3072
    1999 F-350 Lariat 7.3 385,000 miles and counting
    2000 VW Jetta 2.0
    1966 Jeep J-300 with EFI 351W

  • #2
    For those of us not paying taxes on using it to begin with, and the fact that we're running it illegally on the street... is this something we should consider? Or stay under the radar.

    Paging Greasy.
    Vegistrokin since 08/23/08

    Comment


    • #3
      I dont think thats going to work.....

      The way I understand it is that you have to get ATSM biodiesel from a certified biodiesel PRODUCER.....not even a "distributor"

      That producer has to supply you with a certificate

      I have a stack of them right here in front of me from 2007......They state where I got the biodiesel, have thier FEID number, "regestered biodiesel prodecer number", and some shiny fancy seal that looks like it says "Avalon Land Research and Development Corporate Seal 1997 Florida"

      I didnt read the link but thats what is referd to as the alternative fuel tax credit around here.

      EDIT

      But wait ...you said part of the bailout? Im talking about old stuff....
      Im gonna check into that...Im a small buisness owner and I WANT SOME BAILOUT, TOO DAMIT!
      Last edited by Tampa450; 01-26-2009, 09:12 PM.
      -Shawn Collister-
      -02 F250 7.3 - SSB V3, AC's tuned by Swamps, AIS, 38R, 4" ex, DI tranny
      -00 F350 7.3 - CC with no back seat
      -Multiple trailers and a bunch of other junk
      Straight outta Wimauma

      Comment


      • #4
        Pied piper clause

        This is very,very suspect Thanks to this incentive we will soon be on a list that sits with the powers to be(Yeah,the taxman).I have gone cloak and dagger into the belly of that beast.NH state tolls and road tax council leader was nice as pie when he thought I only ran WVO in my house and B100 in the rigs.........and I quote "We are working on tracking down lost funds from none taxed fuel by those other guys".......This is like being tracked by your cellphone,pager and a cell tower,it is a way to trilaterally locate the issue.......US.Look outside the big picture,if taxes are not being paid someone is getting fuct,iand i know its not gonna be me.. I own a biz and incentives are great,but why snitch on yourself?I am sure they will get a few sheeple to get in on that "deal",But i sir am not gonna walk the line.............Do you really think they are gonna print that much money to help those that hinder their day to day operations?When they come knocking,they will start dropping.....true story............greasy
        2000 7.3X V3 So much fun,so little time,Support small Oil,burn WVO,Free and greasy down the road I go!!!!!!!!!!completely self sufficient and proud of it. (Wood furnace.....X.......solar pontoon....solarsheat twins this summer.....I don't Know much.......I'm just a hillbilly with too many guns..............

        Comment


        • #5
          May very well be worth the coin to DFA to hire a tax lawyer to decipher what this means to their current and future customers. I'm currently processing approx 150 to 200 gallons a month.... that would be a nice credit.
          2002 F250 7.3

          If it walks like a duck.....

          Comment


          • #6
            Originally posted by greasyX View Post
            but why snitch on yourself?........greasy
            Thats what I was thinking Greasy. That is like the cable company having you call in for a free TV... then they get your address, see that you didn't pay for the PPV you're watching, and then they arrest you.
            Vegistrokin since 08/23/08

            Comment


            • #7
              Yeah we will be following up on that and let you know when we find out more. We already have a customer who is actually doing this and claiming the credit, so it is possible. The nice thing is that the credit used to apply only to biodiesel made from new oil. It has been changed to apply to yellow grease, which is by definition used cooking oil.

              I hope to be contacting the local state tax man in the next few days to find out what the official fuel tax stance is for us, our systems and their users. Especially given that we still buy and use taxed diesel. Of course they will try to tell us we are illegal and by avoiding road tax, but they better be able to explain then why the Guy in my college class who drives an all electric smart car does not have to pay road tax on the electricity he uses while driving his vehicle on the road. That is a double standard and not fair or just. Or what about the all electric Prius conversions? Or the vehicles using hydrogen to boost their mileage? I do believe the days of us having to "Hide" in fear will be coming to an end shortly. Especially with Obama in office. A truck that can average 50miles per gallon of diesel used supplemented with WVO is fundamentally no different than a Hybrid that can attain 50mpg using electricity as the supplement.
              1999 F-350 Lariat 7.3 385,000 miles and counting
              2000 VW Jetta 2.0
              1966 Jeep J-300 with EFI 351W

              Comment


              • #8
                I agree.

                A buck a gallon would be nice
                Vegistrokin since 08/23/08

                Comment


                • #9
                  I agree too, but the Tax Man is going to get his money one way or the other. I would assume in the near future we will have to log the gallons of WVO we use and/or they will start tracking the miles we drive and pay taxes based on that.
                  2000 F250 7.3L
                  Vegistroke installed July 12, 2008

                  Comment


                  • #10
                    Originally posted by triplemoutdoors View Post
                    I agree too, but the Tax Man is going to get his money one way or the other. I would assume in the near future we will have to log the gallons of WVO we use and/or they will start tracking the miles we drive and pay taxes based on that.
                    They already are. Here in Oregon they have been doing experimental trials on some vehicles where a GPS device is installed to track how many miles the vehicle travels, then when they pull into a gas station the info is uploaded to the pump and a tax is assessed on the miles driven. I see this as being the future. Point of fact is that as the gpm of vehicles go up(no matter how) the States get less road tax revenue, and that means less road maintenance. No matter what, with all the different forms or transportation and energy coming out the current method for road tax is outdated.
                    1999 F-350 Lariat 7.3 385,000 miles and counting
                    2000 VW Jetta 2.0
                    1966 Jeep J-300 with EFI 351W

                    Comment


                    • #11
                      Their cost should be going down at the same rate (or similar) though. A Prius isn't going to be tearing up the highways anytime soon and the trucks that do are still sucking up the fuel. Better management of the funds would more than make up for lost revenue.

                      I agree the method is outdated, but they are still getting a lot of freakin money. People in Buffalo are under investigation right now because we are the 3rd (I think) poorest city in the country, and yet our fuel prices were $0.30 more expensive during the "fuel crisis". There are some dirty dealings going on here.
                      Vegistrokin since 08/23/08

                      Comment


                      • #12
                        Dirty Deeds Done Dirt Cheap

                        I think yowill find that your Higher prices are directly related to your locale being A) so close to Canada (Is the peace Bridge still a thing of splendor?) and B) Niagra Falls......People coming over from Canada to fuel up is the main reason your getting gouged at the pumps.I just lokk yhe other way,after all I only run the X off road ,and spent a whopping $100 on #2 in 2008.....greasy
                        2000 7.3X V3 So much fun,so little time,Support small Oil,burn WVO,Free and greasy down the road I go!!!!!!!!!!completely self sufficient and proud of it. (Wood furnace.....X.......solar pontoon....solarsheat twins this summer.....I don't Know much.......I'm just a hillbilly with too many guns..............

                        Comment


                        • #13
                          so is this a fed credit? This is cool they will pay me for fuel!
                          NC State law defines biodiesel as ''any fuel or mixture of fuels derived in whole or in part from agricultural products or animal fats or wastes from these products or fats.''
                          Exemptions from the excise tax.

                          Comment


                          • #14
                            Even though NC has exempted us from taxes you still have to pay Federal taxes on the fuel. If you apply for the credit they will start looking to see how long you have been running grease and not paying the Federal tax on it. I just don't want to get caught up in more red tape about fuel. I was one of the few that got a fine from NC Highway Patrol for running grease, but I beat the fine.
                            '01 F350, lariat LE, cc, lb, drw, TSP 6pos. chip w/ swamps ss tunes, FF stage 1.5, MBRP 4" turbo back, cooling mist water injection.

                            Comment


                            • #15
                              Originally posted by greasedltn View Post
                              I was one of the few that got a fine from NC Highway Patrol for running grease, but I beat the fine.

                              How/when did that go down? I'm only 15 miles from NC state line and go thru there all-the-time!! We always joke about the unmarked police cars up there. In GA, law enforcement vehicles are required to have at least 5" high high-contrast lettering identifying they are cops. In NC, you may be pulled over by a late model Corvette or even an old beater Honda Civic - w/no markings!

                              Its kinda like the medical marijuana ads ya see all over the west coast. Chronic pain? Migraines? Cancer treatment? Get your prescription for 'legal' pot. Then, give your Rx to a local 'grower', who is also licensed to 'legally' grow it. Problem is, its still a FEDERAL offense - so, you are in effect letting the feds know where you are and what yer up to. This is what I was told when I asked someone about the ads - I could have it all wrong...
                              2001 F350 XLT 4x4, dually flatbed. 6637 air filter, single-shot injectors, straight-piped, BTS tunes, 200 gal main VO tank - 180k greasy miles
                              2000 Excursion Limited 4x4. V3, AIS intake, BTS trans & tunes - 120k VO miles
                              veggiegarage.com authorized installer

                              RIP X & Toyhauler - you served us well.

                              Comment

                              Working...
                              X