|Year:||2007 (Dec 28th)|
|Policy status:||In Force|
|Date Effective:||2007 (Dec 28th)|
2014 (Apr 11th): Decree 295-2013;
|Policy Type:||Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Taxes, Policy Support, Policy Support>Strategic planning, Regulatory Instruments|
|Policy Target:||Bioenergy, Bioenergy>Biofuels for transport|
|Legal References:||Decree 144-2007|
The Law for the Production and Consumption of Biofuels (Decree 144-2007) declares the development of projects that use biomass of forest origin for energy production to be of public interest. It provides the legal framework for the production of raw material and the distribution, commercialization and use of biofuels.
The Decree 144 of 2007 provided fiscal incentives for biofuel producers, including 12-year exemptions for income and property taxes, and import duty for equipment. It also exempts biofuels from a social tax for 15 years, and after that sets it at 25% of the tax for fossil fuels. The law states that local content must be at least 51% of feedstock for producers to qualify for the exemptions above.The law also creates a registry of biofuels producers.
The ammendment (Decree 295-2013) declares of public interest the development of projects that use biomass of forest origin for energy production.
|This record supersedes:||Ethanol Law (Ley del Alcohol Carburante)|
In order to view a full versions of the Law for the Production and Consumption of Biofuels of Honduras please click here.
In order to view Decree 295-2013 please click here.
Last modified: Fri, 24 Feb 2017 17:00:30 CET