Texas House Bill HB2582

Texas 2009 - 81st Regular

• Out of House Committee: 4/15/09
• Voted on by House: 5/5/09
• Out of Senate Committee: 5/19/09
• Voted on by Senate: 5/26/09
• Governor Action: 6/19/09
• Enrolled: 6/1/09
• Passed: 6/19/09

Caption

Relating to the production and taxation of renewable diesel fuel.

Impact

The implications of HB 2582 are significant, as it adjusts the taxation framework for renewable fuels and establishes a dedicated production account aimed at incentivizing production in Texas. By providing financial grants to producers of renewable diesel, the bill attempts to enhance local agricultural production by stimulating economic growth through the renewable energy market. This strategy aligns with broader state initiatives to create sustainable energy solutions and reduce dependency on traditional fossil fuels.

Summary

House Bill 2582 focuses on the production and taxation of renewable diesel fuel in Texas. It amends existing provisions related to diesel fuel taxation while introducing incentives aimed at promoting the renewable diesel industry. The bill recognizes renewable diesel, which meets specific EPA registration requirements and is derived from various renewable resources, as a vital component of the state's energy landscape. This move represents Texas's commitment to supporting clean energy production and tapping into the agricultural sector's potential.

Contention

Despite its objectives, the bill has attracted debate among stakeholders regarding its effectiveness. Supporters argue that the incentives for renewable diesel production will lead to job creation and environmental benefits, while critics question the robustness of the proposed measures and the adequacy of the financial allocations for producers. Overall, the conversation surrounding HB 2582 highlights the broader tensions between fostering renewable energy growth and maintaining competitive traditional fuel markets.