[NEWS] Biofuel Groups Ask Congress to Extend Tax Credits

– by Todd Neely, October 19, 2016, DTN/The Progressive Farmer

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Biofuel refinery (Photo: DTN)

At some point before Dec. 9, Congress will need to vote on a budget bill to continue to fund the government, and one ethanol interest group is asking House and Senate leaders to take that opportunity to extend a number of biofuels tax incentives as well.

While the upcoming expiration of the biodiesel blenders credit has received most of the attention in recent months, the Renewable Fuels Association is pressing Congress to extend the second-generation biofuel producer tax credit, the special depreciation allowance for second-generation biofuel plant property, and the alternative fuel vehicle refueling property credit.

Most of these credits are aimed at developing advanced biofuel technologies including cellulosic ethanol. A number of companies have launched commercial production at a handful of plants across the country.

READ MORE at The Progressive Farmer

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