EXCISE TAX

Notice 2008–110, page 1298. Biodiesel tax incentive; cellulosic biofuel producer credit. For purposes of the tax incentives for biodiesel under sections 40A, 6426, and 6427(e) of the Code, a liquid must meet the standard set in ASTM D6751. ASTM International, the private organization that defines that standard, issued a revised standard effective October 13, 2008. This notice provides transitional relief for biodiesel on hand that was produced under the old ASTM D6751 standard. Separately, this notice provides rules for registration of producers of cellulosic biofuel.