Independence from Oil with Agriculture Act of 2007

H.R. 517, the Independence from Oil with Agriculture Act of 2007, proposes to make several temporary clean energy tax credits permanent and increase federal requirements for renewable fuel use. The bill would eliminate expiration dates for tax credits related to alcohol and biodiesel fuels, wind and biomass energy production, and the installation of alternative fuel vehicle refueling stations. Additionally, it would mandate a significant increase in the volume of renewable fuels, such as ethanol, that must be blended into the nation's gasoline supply.

For the average citizen, this legislation aims to lower the long-term costs of producing and purchasing alternative fuels while expanding the availability of renewable energy sources. By providing permanent tax incentives for refueling infrastructure, the bill seeks to make it easier for drivers to transition to non-petroleum vehicles. Furthermore, the increased renewable fuel standards are intended to reduce national reliance on imported oil by utilizing domestically grown agricultural products for energy.