Clean Energy Pathways, Inc. (CPWY)

[kachingpdx]

Although XPGH can't get the fifty cent tax credit, it looks like there are tax credits for a fuel blender. Wondering if anyone thinks this may apply to XPGH?

According to the example below it may be possible to reduce a tax liability to zero.


General Example:
Producer P sells 1,000 gallons of agri-biodiesel to Blender B. P provides B with a certification of the fuel. B blends 400 gallons of the agri-biodiesel into dyed diesel fuel and 600 gallons into undyed fuel at various blend levels. B also adds dye to the dyed mixtures to maintain dye concentration requirements.
B carefully maintains consistent inventory records of incoming and outgoing volumes of biodiesel as well as the certifications on inventories in accordance with generally accepted accounting principles. B reports on Form 720 a tax liability of $146.40 (600 gallons x $.244). B also reports on Form 720 a total tax credit of $147 (147 gallons of agri-biodiesel x $1), enough to reduce B’s tax liability to zero. B is able to claim a refund for the excess value of its credits ($853) on Form 8849 prior to the end of the quarter [(400 gallons of agri-biodiesel blended into dyed diesel x $1) + (453 gallons of agri-biodiesel blended into undyed diesel x $1)].

http://www.biodiesel.org/news/taxincentive/Biodiesel%20Tax%20Credit%20NBB%20Issue%20Breif.pdf

http://www.biodiesel.org/news/taxincentive/