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May 14th, 2008

Discounts For Certain E-Z Pass Holders

The State Senate has passed legislation cosponsored by Senator Bill Larkin (R-C, Cornwall-on-Hudson) that would provide discounts to E-ZPass holders who drive fuel efficient vehicles. Another bill would provide state tax credits for biodiesel and ethanol storage facilities.

Senate bill S.4363 would give the owners of vehicles that get 35 miles per gallon or higher a ten percent "Green EZ-Pass discount" on tolls in New York State.

Another bill, S.6160, recognizes that although New York State has made a substantial investment in its capacity to produce biofuels, including ethanol and biodiesel, and established a grant program to assist private service stations in the installation of alternative fuel pumps, the state continues to lack the infrastructure necessary to distribute biofuels to retailers. As a result, ethanol and biodiesel are generally unavailable to the public. This legislation will address this distribution deficiency by providing a 25% refundable tax credit for the installation of tanks, piping and other equipment necessary to store, mix and distribute biofuels.

"Both of these measures address two very critical needs," said Senator Larkin. "One will help establish a retail market for biofuels in New York State and ultimately add to the supply of American made motor fuel. The other will give drivers an economic incentive to purchase fuel efficient vehicles which will help cut down on carbon dioxide emissions. Both are creative ways to improve environmental and public health and to help us meet our economic and energy goals."

The bills were sent to the Assembly.

4 / 5 (1 Votes)

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