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RFA says Second Gen. Biofuels Need Stable Tax Policy (Reg & Leg)
Renewable Fuels Association
Date: 2018-03-19
"While the U.S. grain-based ethanol industry has matured into an efficient and highly competitive fuel supplier, the second-generation sector is much younger, and has struggled to overcome immense financial and commercial obstacles. However, in recent years, with the help of federal tax incentives, the U.S. second-generation sector has finally been able to actually produce second-generation biofuels at a commercial scale level." -- Edward Hubbard, RFA General Counsel, calling on a US House Subcommittee to extend Second-Generation Production Tax Credit and Accelerated Depreciation rules at least until the end of 2018, to help encourage industry investment and drive the next wave of commercial scale production.subcommittee.

Hubbard also requested Congress provide a multi-year extension and expansion of the Alternative Vehicle Refueling Property Credit, which provides a tax credit equal to 30 pct -- up to $30,000 -- of the cost of any qualified alternative fuel vehicle refueling device. The tax credit currently is limited to single-use, dedicated pumps, but should be expanded to take into account the increased use of blender-style pumps. (Source: Renewable Fuels Assoc., 14 Mar., 2018) Contact: RFA, Edward Hubbard, RFA General Counsel, (202) 289-3835, www.ethanolrfa.org

More Low-Carbon Energy News Renewable Fuels Association,  Biofuel,  Biofuel Tax Credit,  


ACE Urges Cellulosic Biofuel, Biodiesel Tax Credits Extension (Opinions, Editorials and Asides)
American Coalition for Ethanol
Date: 2017-12-20
In a letter to the Chairman of the Committee on Ways and Means Kevin Brady, and Chairman of the Committee on Finance, Orrin Hatch, the American Coalition for Ethanol (ACE) called for an extension of the Cellulosic Biofuel Tax Credit and Biodiesel Tax Credit as part of the Tax Cuts and Jobs Act. Highlights from the ACE letter follow:

"Extension of these provisions is critically important and consistent with the stated purposes of the tax bill of 'growing our economy, bringing jobs back to our local communities, increasing paychecks for our workers, and making sure Americans are able to keep more of the money they earn.'"

"The nation's biofuel sector generates $184.5 billion in annual output, supports 852,000 jobs, pays $46 billion in wages, remits $14.5 billion in taxes, and saves taxpayers about $10 billion per year by reducing the need for farm program payments."

"One of the most important things the Conference Committee could do to support the existing biofuel sector and help spur its continued growth would be to extend the Cellulosic Biofuel Tax Credit and Biodiesel Tax Credit in the final bill." (Source: American Coalition for Ethanol, Dec., 2017) Contact: American Coalition for Ethanol, Brian Jennings, CEO, (605) 334-3381, https://ethanol.org

More Low-Carbon Energy News American Coalition for Ethanol,  Cellulosic,  Ethanol,  Biofuel Tax Credit ,  

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